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10 cards from this deck
Money earned from lending/investing or paid when borrowing
Fixed % of original principal only
I=PrnI = PrnI=Prn
Principal (initial amount)
Rate per time period as a decimal
A=P+IA = P + IA=P+I
Interest on principal plus accumulated interest
A=P(1+r)nA = P(1 + r)^nA=P(1+r)n
I=A−PI = A - PI=A−P
Divide by 100 (e.g., 5%=0.055\% = 0.055%=0.05)
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