Math, asked by kamalsri, 10 months ago

what is the formula of compound interest and simple interest​

Answers

Answered by Anonymous
10

Answer:

Compound Interest= A-P

A= P(1+r/100)^n. (n is the no. of years)

simple interest= PXRXT/100

Answered by alensabu2005
6

The simple interest formula is I = P x R x T. Compute compound interest using the following formula: A = P(1 + r/n) ^ nt. ... A is the total amount accumulated, including interest, after t years. Divide the interest rate by the number of compounding periods per year.

A = P(1 + \frac{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

The compound interest formula is ((P*(1+i)^n) - P), where P is the principal, i is the annual interest rate, and n is the number of periods

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