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).