Period interest rate (given amount of simple interest,principal,number of time periods)

Formula

Period interest rate (given amount of simple interest,principal,number of time periods) formula
r
the period interest rate
P
principal or sum
SI
amount of simple interest
m
the number of time periods

Formula description

Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or, money earned by deposited funds. Simple interest is calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.

Calculator (how to use calculator?)

Period interest rate (given amount of simple interest,principal,number of time periods) formula
P
SI
m
r
Precision

Formula code








References

  1. wikipedia: Simple interest.

Comment or add more code

If you cannot find the formula or calculator you want, please tell us what you want and we will add it for you ASAP. If you want anything else or find any error on this page, please just let us know. If you know the formula in other languages, you are welcome to add it. Thanks for contributing to wikicalculator.com!
Please help us do better by providing your opinions(<= 500 characters):
Language:(<= 500 characters)