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Interest and Interest Rate Calculation

Units and Fractions Interest and Interest Rate Calculation

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Formula for interest calculation
Calculating Interest, Interest Rate, and Principal
Real-life financial examples

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Understanding interest calculation with principal amount, interest rate, and total amount examples.

Example for Interest calculation, showing the formula for calculating interest on £200 at 3% over 60 days, resulting in a total amount of £201.

Example for calculating the interest rate, demonstrating the formula for interest with £200 principal and 4% interest rate.

Illustration of calculating the principal using a 5% interest rate, earning £30 after 1 year, with the formula and steps to solve for the principal.

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