| P = Principal or sum, R = Interest % rate per annum T = Time in years N = No.of times interest is compounded per year SI = Simple Interest, CI = Compound Interest. |
Simple InterestSI = [(P x R x T) / 100]P = [(100 x SI) / (R x T)]R = [(100 x SI) / (P x T)]T = [(100 x SI) / (P x R)] |
Compound InterestCI = A - PA = P[1 + ((R / N) / 100)]TN |
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