How Daily Simple Interest Works - OneMain Financial

Simple interest I 5 100 Prn Compound interest A 5 1 100 P r n 1 (final amount) I 5 A 2 P (interest) where P is the principal r is the interest rate per period expressed as a percentage n is the number of periods Use 1 year 5 52 weeks 5 365 days. Chapter 6: Simple and compound interest workSheet 1 Write as decimals. a 4% b 7.8% c 10.3% d 16% e ... ................
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