Question

WHAT IS THE FORMULA OF AMOUNT IN MATHS​

Answer 1

Answer:

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amount = P(1+r/100)

Thanks.

Answer 2

The formula of the amount in mathematics.

• In mathematics, the formula for the amount can be seen in the Simple Interest (S.I.) chapter, where we can derive the amount formula from simple interest.
• The total payback of money at the termination of the time period for which it was borrowed, then it is called the amount.
• We know that Simple Interest(S.I.) ={Principal(P)×Time period(T)×Rate of Interest(R)}/100.

• Amount(A)= Principal(P) + Simple Interest(S.I.)

                           = P + (P×T×R)/100

                           =P{1+((T×R)/100)}

                           =P{1+(T×r)}    [∵r=R/100, where r is the Rate of Interest per  

                                                        annum in decimal]