Question

formulas for calculating compound and simple intrest

Answer 1

Simple Intrest : P x R x T ÷ 100
Compound Intrest : P (1 + R ÷ 100) to the power n

Answer 2

Compound Interest=P×(1+$\frac{n}{100}$
)^n

Simple interest=
$\frac{ptr}{100}$