write a program to find the difference between compound interest and simple interest
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hey can you tell me i what programming language you have to write
ex-html,java,c,etc
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payalthakur:
java
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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
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