How to find rate percent of simple interest n compund interest?
Answers
Answered by
0
Multiply the product by the time or term of the loan. For example, assume the principal is $ 100,000, the interest rate is 11 percent and the term is 2 years. The simple interest formula is l = P x R x T. compute compound interest using the following formula: A = P (1 + r/n) ^ nt.
Hope this answer helps u plz mark it as a brainliest answer.
Hope this answer helps u plz mark it as a brainliest answer.
Similar questions