Question

compound intrest and simple intrest ?

Answer 1

simple interest based on the principal amount of a loan or deposit while compound interest is based on the principal amount and the interest that accumulates on it in every period

Answer 2

compound interest

${principal(1 + \frac{interest \: rate}{no. of \: time \: interest \: is \: compounded \: annualy} )}^{years}$
simple interest

principal * rate of interest * years / 100
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