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What is the formula for calculating the interest rate

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What is the formula for calculating the interest rate?
There are two types of interest which can be calculated using a different
formula
Simple Interest
Compound Interest
To calculate simple interest, the formula used is (PX RX T)/ 100
Where P is the principal amount, R is for the rate of interest and t is for time
The formula for calculating compound interest is PX (1 + r/100) ^t

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What is the formula for calculating the interest rate? There are two types of interest which can be calculated using a different formula Simple Interest Compound Interest To calculate simple interest, the formula used is (PX RX T)/ 100 Where P is the principal amount, R is for the rate of interest ...
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