Question

Fill in the blanks :
(a) Selling price - Cost price= __________.
(b) Formula of compound interest is _________.
(c) Formula to calculate simple interest is________.

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Answer 1

Answer:

1. Profit

2. a=final amount, p=initial principal balance, r=interest rate, n=number of times interest applied per time period,=number of time periods elapsed

3. a=final amount, p=initial principal balance, r=annual interest rate, t=time (in years)