How to Calculate Rate of Interest(SI)?
Rate of Interest(SI) calculator uses Rate of interest=(Simple Interest*100)/(Principal Investment Amount*Time) to calculate the Rate of interest, Rate of Interest(SI) is calculated on the principal amount for the due period. It is generally expressed as a percent per year. Rate of interest and is denoted by I symbol.
How to calculate Rate of Interest(SI) using this online calculator? To use this online calculator for Rate of Interest(SI), enter Principal Investment Amount (A), Simple Interest (SI) and Time (T) and hit the calculate button. Here is how the Rate of Interest(SI) calculation can be explained with given input values -> 1.600E-9 = (1000*100)/(1000000*62500000).