Math, asked by nirjalamshr3209, 10 months ago

Formulas for compound interest and simple interest

Answers

Answered by naman1695
3

Answer:

simple interest formula is I = P x R x T. compound interest using the following formula: A = P(1 + r/n) ^ nt.

Answered by adityamahale2003
1

Answer:

1)Simple interest:-

 SI= PRT/100

Where, P=principal

            R=rate of interest

            T=time period

2)Compound interest:-

A = P (1 + r/n) (nt)

Where:

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

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