How can I determine what the interest rate is based on the interest payment?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
6 views
1 Answers
Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
Use the formula, Interest = Principal x Rate x Time, and rearrange it algebraically to solve for the rate. Rate = Interest / (Principal x Time). Then, fill in what you know to find the rate.
6 views
Answered