Arithmetic Reasoning

As an ASVAB tutor, I make sure to review the topic of interest rate in preparing my students for the Arithmetic Reasoning section of the ASVAB. Interest rate is a common topic that could appear on the ASVAB.  It is important to know the essential formulas for the ASVAB. The interest formula is one of the formulas I remind my students to learn in order to help improve their ASVAB math scores on the exam. Do you know the interest formula?  Tomorrow I will present the answer and explanation.