Simple interest can be calculated by using the following formula: I=Prt (Interest = principal amount x the annual simple interest rate x time in years).
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1. Figure the periodic interest rate by calculating the annual rate divided by the number of compounding periods each year. You can find the annual rate advertised by the bank or
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1. Have a look at the friends he keeps. Does he hang around with physical sport junkies? Maybe it's the emo group or computer game guys. It could even be the bookclub group, whoever
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There is a lot of physics involved that can be beautiful to watch. It is an art and a science.
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