Question

Simple interest formula and compound interest formula maths

Answer 1

Simple interest formula = P × R × T

100

Here,

P = Principle

R = Rate of interest

T = Time

Compound interest formula = P ( 1 + r ) ^n

100

Here,

P = Principle

R = Rate of interest per annum

n = Number of year the money is invested

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Answer 2

Answer:

Formula for Simple Interest :-

$\tt \dfrac{P \times R \times T}{100}$

Formula for Compound interest:-

$\tt A=P{( 1 + \dfrac{r}{100})}^{n}$

A=Amount

P=Principal

r=rate

n is the number of years.

Hope it helps....