Perjury is considered a serious offense as it can be used to usurp the power of the courts, resulting in miscarriages of justice. In the United States, for example, the general perjury statute under Federal law classifies perjury as a felony and provides for a prison sentence of up to five years.
Effective interest rate for t periods, i t = (1 + i) t - 1 or as one equation i t = (1 + (r / m)) mt - 1. The rate per compounding period P = R / m, in percent.
Simple Interest and Maturity Value. Interest rates are always stated for a year. I.e. 6% is six percent interest for one year. How to calculate simple interest for different lengths of time 1. How to calculate simple interest for more than one year. Basic formula for interest is Principle X Rate X Time = Interest Example: Candy borrows $10,000 at 5% interest for five years. $10,000 X 5% X 5 = $2,500 Interest 2. How to calculate simple interest for one year and some odd months.