Gen math final term Flashcards
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1
Q
is a method to calculate the amount of interest charged on sum at a given period of time
A
simple interest
2
Q
find principal amount
SI
A
P=I/rt
3
Q
find amount paid/received
SI
A
I=prt
4
Q
find annual rate
SI
A
r=I/pt
5
Q
find the time period
SI
A
t=I/pr
6
Q
maturity(future) value
A
F=P(1+rt)