Computer Science, asked by payalthakur, 1 year ago

write a program to find the difference between compound interest and simple interest​

Answers

Answered by Kshitijgagan
0

Answer:

hey can you tell me i what programming language you have to write

ex-html,java,c,etc

Explanation:


payalthakur: java
Answered by Anonymous
0

Simple Interest and Compound Interest are the ways of calculating the interest charge on the principal loan amount.

Simple Interest is  calculated on the principal amount, using the formula:

S.I = (P * R * T) / 100  where P = Principal R = Rate and T = Time.

Compound Interest is calculated on the principal amount and the interest that accumulates on it in every period, using the formula:

CI = P(1 + r / n)nt   where P = Principal, R = Rate,n = number of compounding periods per unit and T = Time 

Similar questions