The formula to find the rate is interest divided by (principal times time).

Name: The formula to find the rate is interest divided by (principal times time).
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Question

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This statement is true. The formula for finding the rate is typically expressed as R = I / (P x T), where R is the interest rate, I is the interest charged or earned, P is the principal amount or investment, and T is the time period over which the interest is calculated.

The Formula to Find the Rate Is Interest Divided by (Principal