Question

write the formula to find simple interest and compound interest​

Answer 1

Explanation:

The simple interest formula is I = P x R x T. Compute compound interest using the following formula: A = P(1 + r/n) ^ nt. Assume the amount borrowed, P, is $10,000. The annual interest rate, r, is 0.05, and the number of times interest is compounded in a year, n, is 4.

Answer 2

Answer:

simple interest = principal×rate× time

compound interest = principal (1+r/n) t

Explanation:

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