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Interest

on . Posted in Project Management Engineering

Interest, abbreviated as I, is any amount of money you pay on a line of credit or loan that is in addition to the principal balance.

 

Interest Formula
\(\large{ A =  P\;i\;T }\)
Symbol
\(\large{ I }\) = interest
\(\large{ T }\) = amount of time
\(\large{ i }\) = interest rate
\(\large{ P }\) = principle

 

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