FINDING THE MISSING VALUE OF SIMPLE INTEREST

Question

1 . GIVEN:

Principal = 25,000 dollars

Rate = ?

Time = 4 years and 5 months

Interest = ?

Maturity Value = 19,000 dollars

2 . GIVEN

Principal = 50,000 dollars

Rate = 0.005%

Time = ?

Interest = 2750

Maturity Value = ?

Answer 1

For these 2 questions, you would probably need one more input to either get your other output. After that, you can use financial calculator to calculate simple interest problem using fv/pv functions.