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Potassium nitrate is also known as Saltpeter is a chemical compound with formula of KNO3. This compound is popularly used as a fertilizer as it has two major elements for plant nutrients, which are nitrate and potassium. In nature, potassium nitrate occurs as a mineral, niter. It is odorless, moderately soluble in water, and has a white solid or powdery form. In addition, the solubility of potassium nitrate in water increases with temperature.