Learn how to calculate simple interest with step-by-step instructions using the formula I=prt. Simply defined, interest equals principle times rate times time. The video shows various examples of calculating this formula by plugging different variables into the equation. Although, these calculations can seem hard to follow, the way they are presented is straightforward and simple to understand. The video also explains converting percentages to decimals, which is the cornerstone of applying this very useful, and invaluable interest formula.

**It’s Black Friday week on WonderHowTo!** Don’t miss out on all of the big sales in the Gadget Hacks and Null Byte shops. And if you’ve been wanting to take some classes without going into debt, check out our best deals on online courses for a variety of skill sets. Don’t miss out on these huge discounts:

**See Gadget Hacks’s top 10 BF sales on online courses (up to 99% off) >**

**See Null Byte’s top 13 BF sales on online courses (up to 99% off) >**

## Be the First to Comment

## Share Your Thoughts