Question

how to calculate the interest​

Answer 1

Answer is written below

Answer 2

Answer:

S.I = $\frac{P \times R \times t}{100}$

C.I. = P x $(1 + \frac{r}{n} )^{nt}$

Step-by-step explanation:

Let

P be the deposited amount called principle.

R be the rate of interest.

t (in years) be the amount of time money is deposited for.

n is the number of times the interest is compounded in a year.

So, Simple Interest can be calculated by

S.I = $\frac{P \times R \times t}{100}$

and compound interest can be calculated by

C.I. = P x $(1 + \frac{r}{n} )^{nt}$