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.
of 08. Calculating Interest: Principal, Rate and Time are Known. When you know the principal amount, the rate and the time. The amount of interest can be calculated by using the formula: I = Prt. For the above calculation, we have $4500.00 to invest (or to borrow) with a rate of 9.5% for a 6 year period of time.