The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a

Suppose that in a given year, the rate of inflation is 3 percent, and the nominal interest rate is 2 percent. The real interest rate is:

Simple interest on a sum is 25% of the principal and the number of years is equal to rate percent per annum. Find the rate of interest.25%5%7.5%7%

Simple interest on a sum is 25% of the principal and the number of years is equal to rate percent per annum. Find the rate of interest.7.5%5%7%25%

The simple interest on $15 000 for 9 years is $6 750. Calculate the rate percent per annum.

Use the simple interest formula to calculate the principal amount invested at the rate of 4.5% p.a for 2 years earning K1000