Simple and compound interest tricks,formula with example
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Simple interest = PTR /100
P = Principal Amount
T= Time = no.of years
R= Rate of interest Per Annum
Compound Interest = P(1+i)^n -P
P= Principal Amount
i = Rate of interest Per Annum
n = no.of peris
P = Principal Amount
T= Time = no.of years
R= Rate of interest Per Annum
Compound Interest = P(1+i)^n -P
P= Principal Amount
i = Rate of interest Per Annum
n = no.of peris
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