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less of a sesh on calculating interest a very feasible question that could be examined is for you to be able to calculate the interest rate expressed the percentage on a bank loan and you need to know the formula the formula is total repayment minus the borrowed amount all divided by the borrowed amount times by 100 because it is expressed as a percentage but remember this formula and think common sense the bank loan is that borrowed amount its the same thing so it could be total repayment - the original bank loan divided by the original bank loan times by 100 its the same thing the amount borrowing is the bank loan so you may see a question that is youve taken out a bank loan of twenty thousand pounds and the total repayment for that backbone of twenty thousand pounds is twenty four thousand pounds so youve borrowed 20 grand you need to pay back twenty four grand you need to work out the interest rate expressed as a percentage so what you do for that is punch those numbers into t