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	<title>Amortization Fast &#187; Interest Formulas</title>
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		<title>Formula for working out interest</title>
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		<pubDate>Sat, 28 Feb 2009 02:38:54 +0000</pubDate>
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				<category><![CDATA[Amortization Information]]></category>
		<category><![CDATA[Calculate Interest]]></category>
		<category><![CDATA[Formula for working out interest]]></category>
		<category><![CDATA[Formulas For Interest]]></category>
		<category><![CDATA[Interest Calculator]]></category>
		<category><![CDATA[Interest Formula]]></category>
		<category><![CDATA[Interest Formulas]]></category>

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Interest is a fee paid for the use of someone else&#8217;s money. Interest is calculated on several formulas, but the most important one that you need to know, if you&#8217;re borrowing money, or have money in a savings account, is the Rule of 72.
Before we get to the Rule of 72, we&#8217;re going to define [...]<p><a href="http://amortizationfast.com/formula-for-working-out-interest/">Formula for working out interest</a> is from <a href="http://amortizationfast.com/">Amortization Fast</a></p>
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