Enter the principal amount ($) and the interest rate (%/year) into the calculator to determine the Interest Revenue.
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Interest Revenue Formula
The following formula is used to calculate the Interest Revenue.
IR = PA * IR/100
- Where IR is the Interest Revenue ($/year)
- PA is the principal amount ($)
- IR is the interest rate (%/year)
How to Calculate Interest Revenue?
The following example problems outline how to calculate Interest Revenue.
Example Problem #1:
- First, determine the principal amount ($). In this example, the principal amount ($) is given as 34,000.
- Next, determine the interest rate (%/year). For this problem, the interest rate (%/year) is given as 12.
- Finally, calculate the Interest Revenue using the equation above:
IR = PA * IR/100
The values given above are inserted into the equation below:
IR = 34,000 * 12/100 = 4080 ($/year)
Example Problem #2:
The variables needed for this problem are provided below:
principal amount ($) = 12,000
interest rate (%/year) = 20
Entering these values and solving gives:
IR = 12,000* 20/100 = 2,400.00 ($/year)
