Question

write formula for finding interest and amount

Answer 1

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principalamount of money to be invested at anInterest Rate R% per period for tNumber of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.

Answer 2

For Interest = P×R×T\100
For Amount = P+SI