simple interest and compounds interest formula
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simple interest and compounds interest formula are there in the above attachment ✨
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Step-by-step explanation:
SI = P × R × T/100
The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
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