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The simple interest on a given principal at a given rate for a given time is the product of three factors; the principal, the rate of interest ( per annum) and the time ( in years). A percentage ( the interest) of the principal is added to the principal, making your initial investment grow!

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Principal ( the amount of money you have to begin with) = P; Interest ( the interest earned after n years) = I; Time ( in years) = n; Simple interest rate per year = i. Links, find math homework help simple interest selected answers, vocabulary definitions.
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