How to Calculate Simple and Compound Interest?

Question

Nasrin Haris · Answer

Simple Interest = ( Principal amount * Rate of Interest )* Time

Compound Interest = FV = PV * (1+r)n

FV is future value (the total at the end of the period, for which you are solving)
PV is the present value (the amount deposited today)
r is the interest rate
n is the number of periods for which r is compounded

mukkur srinivasan varadhan · Answer

(A)Simple interest= PNR/100,where P=Principal,

n=number of years

r=rate of interest .

(B) Compound Interest= {P(1+ r/100) to the power n}-P

having the expansion as above.

In Cmpound interest, interest is computed for interest also.

Deleted user · Answer

Simple intr=amount * Interest rate * the Time

Compound Interest = FV = PV * (1+r)n

n =the number of periods for which r is compoun
FV =future value (the total at the end of the period, for which you are solving)
PV =the present value (the amount deposited today)
r =the interest rate