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    zebra stripes's Avatar
    zebra stripes Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 10, 2009, 04:30 PM
    Money & interest
    How do you do interest on principal,rate,time/
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Nov 11, 2009, 04:29 AM

    This is a section of Mathematics called Simple
    Interest
    It depends on remembering a formula and the derivations of this one formula:-

    SIMPLE INTEREST = PRINCIPAL * RATE * TIME
    all divided by 100.

    You know that we cannot do homework for you, but there is no problem in asking the theory about your problems.
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