Answer:
If it uses simple interest, just get the sum of the principal value and the interest.
This is denoted by the formula A = P + I
wherein A = maturity value
P = principal value
I = interest
In some cases where the interest is not yet determined or given, just use the formula of
A = P + (Prt)
r = rate of interest
t = time
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Answers & Comments
Answer:
If it uses simple interest, just get the sum of the principal value and the interest.
This is denoted by the formula A = P + I
wherein A = maturity value
P = principal value
I = interest
In some cases where the interest is not yet determined or given, just use the formula of
A = P + (Prt)
wherein A = maturity value
P = principal value
r = rate of interest
t = time