Annual Rate of Simple Interest Calculator

✖Simple Interest is the extra amount gained/paid on the principal amount for the time period at a fixed rate of interest.ⓘ Simple Interest [SI_Annual]			+10% -10%
✖Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time.ⓘ Principal Amount of Simple Interest [P_Annual]			+10% -10%
✖Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.ⓘ Time Period of Simple Interest [t_Annual]			+10% -10%

✖The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period.ⓘ Annual Rate of Simple Interest [r_Annual]

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Annual Rate of Simple Interest Solution

STEP 0: Pre-Calculation Summary

Formula Used

Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)
r_Annual = (100*SI_Annual)/(P_Annual*t_Annual)
This formula uses 4 Variables

Variables Used

Annual Rate of Simple Interest - The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period.
Simple Interest - Simple Interest is the extra amount gained/paid on the principal amount for the time period at a fixed rate of interest.
Principal Amount of Simple Interest - Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time.
Time Period of Simple Interest - (Measured in Year) - Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.

STEP 1: Convert Input(s) to Base Unit

Simple Interest: 200 --> No Conversion Required
Principal Amount of Simple Interest: 1000 --> No Conversion Required
Time Period of Simple Interest: 2 Year --> 2 Year No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

r_Annual = (100*SI_Annual)/(P_Annual*t_Annual) --> (100*200)/(1000*2)

Evaluating ... ...

r_Annual = 10

STEP 3: Convert Result to Output's Unit

10 --> No Conversion Required

FINAL ANSWER

10 <-- Annual Rate of Simple Interest

(Calculation completed in 00.006 seconds)

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< Annual Rate of Simple Interest Calculators

Annual Rate of Simple Interest given Final Amount

LaTeX Go Annual Rate of Simple Interest = ((Final Amount of Simple Interest/Principal Amount of Simple Interest-1)*100)/Time Period of Simple Interest

Annual Rate of Simple Interest

LaTeX Go Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)

< Annual Simple Interest Calculators

Final Amount of Simple Interest

LaTeX Go Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100)

Principal Amount of Simple Interest

LaTeX Go Principal Amount of Simple Interest = (100*Simple Interest)/(Annual Rate of Simple Interest*Time Period of Simple Interest)

Annual Rate of Simple Interest

LaTeX Go Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)

Simple Interest

LaTeX Go Simple Interest = (Principal Amount of Simple Interest*Annual Rate of Simple Interest*Time Period of Simple Interest)/100

Annual Rate of Simple Interest Formula

LaTeX Go

Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)
r_Annual = (100*SI_Annual)/(P_Annual*t_Annual)

What is Simple Interest ?

Simple Interest is a quick and easy method of calculating the interest charge on a loan. Simple Interest is the interest amount for a particular principal amount of money at some rate of interest for given duration of time.
In Simple Interest, a creditor will only pay interest on the principal amount and a borrower would never have to pay more interest on the previously accumulated interest.

How to Calculate Annual Rate of Simple Interest?

Annual Rate of Simple Interest calculator uses Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest) to calculate the Annual Rate of Simple Interest, Annual Rate of Simple Interest formula is defined as the percent of the simple interest paid over the principal amount for the due period. Annual Rate of Simple Interest is denoted by r_Annual symbol.

How to calculate Annual Rate of Simple Interest using this online calculator? To use this online calculator for Annual Rate of Simple Interest, enter Simple Interest (SI_Annual), Principal Amount of Simple Interest (P_Annual) & Time Period of Simple Interest (t_Annual) and hit the calculate button. Here is how the Annual Rate of Simple Interest calculation can be explained with given input values -> 10 = (100*200)/(1000*63113904).

FAQ

What is Annual Rate of Simple Interest?

Annual Rate of Simple Interest formula is defined as the percent of the simple interest paid over the principal amount for the due period and is represented as r_Annual = (100*SI_Annual)/(P_Annual*t_Annual) or Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest). Simple Interest is the extra amount gained/paid on the principal amount for the time period at a fixed rate of interest, Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time & Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.

How to calculate Annual Rate of Simple Interest?

Annual Rate of Simple Interest formula is defined as the percent of the simple interest paid over the principal amount for the due period is calculated using Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest). To calculate Annual Rate of Simple Interest, you need Simple Interest (SI_Annual), Principal Amount of Simple Interest (P_Annual) & Time Period of Simple Interest (t_Annual). With our tool, you need to enter the respective value for Simple Interest, Principal Amount of Simple Interest & Time Period of Simple Interest and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Annual Rate of Simple Interest?

In this formula, Annual Rate of Simple Interest uses Simple Interest, Principal Amount of Simple Interest & Time Period of Simple Interest. We can use 1 other way(s) to calculate the same, which is/are as follows -

Annual Rate of Simple Interest = ((Final Amount of Simple Interest/Principal Amount of Simple Interest-1)*100)/Time Period of Simple Interest

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