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30-01-2019
Mathematics

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The formula for interest is I=Prt. Describe what these letters stand for. Is the formula the same if you are charged interest on a purchase, like when you earn money in a savings account? Once you have the numbers, how do you solve the formula for interest?

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30-01-2019

Answer:

I stand for interest

P stand for principle

R stand for rate

T stand for time

There are the same.

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