Question

Different between C.I and S.I​

Answer 1

Answer:

Compound and simple interest questions are common in the exams. There are always 3-4 questions appearing from this topic. This topic is very vast and that is why we have decided to cover it in parts and today we are going to discuss the difference between simple interest and compound interest.

Answer 2

Answer:

Step-by-step explanation:

C.I :-

C.I. stands for Compound Interest.

Interest which is calculated as a percentage of principal and accrued interest is known as Compound Interest.

Formula of Compound Interest :-

Compound Interest = P(1 + r/100)^n

S.I :-

S.I. stands for Simple Interest.

Interest that is calculated as a percentage of the principal amount is known as Simple Interest.

Formula of Simple Interest :-

Simple Interest = (P × r × n)/100

Known Terms :-

P = Principal

r = Rate of interest

n = Number of years (Time)