hey it is the formula

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hey it is the formula

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COMPOUND INTEREST =AMOUNT -PRINCIPLE

SIMPLE INTEREST=P*(1+RT)

I HOPE THIS HELPED..

Here, Interest can be either Simple interest of compound Interest.

ii) To calculate CI, you need to calculate Amount and subtract principal from it.

where

P = principal

r = Interest rate in percentage

n = number of time it is compounded in a year

t = time period in years

So CI is given by

iii)To calculate SI, you can use the formula

where

P = principal

t = time period

r = Interest rate in percentage