which are formulas for compound and simple interest?
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compound interest -: [p(1+r/100)^t]-1
simple interest-: p×r×t/100
simple interest-: p×r×t/100
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Answered by
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Formula for Compoud interest(CI) =
A=P (1+r/n )^nt
Formula for simple interest(SI)=
SI=P×R×T/100
Thanks..
A=P (1+r/n )^nt
Formula for simple interest(SI)=
SI=P×R×T/100
Thanks..
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