Using the interest rate formula, we obtain the interest rate, which is the percentage of the principal amount charged by the lender or bank to the borrower for the use of their assets or money over a specific period of time. A %3D P + I %3D P + (Prt) and finally A %3D P (1 + rt). Learn the formula that can help you calculate your interest rate.

# How do you calculate interest rate?

Using the interest rate formula, we obtain the interest rate, which is the percentage of the principal amount charged by the lender or bank to the borrower for the use of their assets or money over a specific period of time. A %3D P + I %3D P + (Prt) and finally A %3D P (1 + rt).

Gudrun Grundmanns03/04/20230 minutes 21, seconds read##### Gudrun Grundmanns

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