Question

I want to ask that is simple interest and interest both formula are same? in chapter simple interest​

Answer 1

Answer:

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Yes ! it is same.

intrest is of 2 types:- simple interest and compound interest.

Answer 2

Answer:

There are two types of interest

simple interest

compound interest

formula for SI

PRT/100 (P= Principle, R= Rate of interest, T = time duration)

Formula for CI

A= P(1+r/n)nt

A  = final amount                          

P  = initial principal balance

r   = interest rate

n  = number of times interest applied per time period

t   = number of time periods elapsed

Step-by-step explanation:

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