Answer:

: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100. And the principal is the sum of money that remains constant for every year in the case of simple intrest

CI-

Verified answer

Answer:-

★ Compund Interest:-

[tex] \\ \qquad\longrightarrow \:{\underline{\boxed{\pmb{\sf{ C.I = Amount - Principal }}}}} \: \purple \bigstar \\ [/tex]

Where,

• » C.I denotes Compound Interest

[tex]\\ \qquad{ \underline{\rule{150pt}{3pt}}} \\[/tex]

★ Simple Interest:-

[tex] \\ \qquad \longrightarrow \: {\underline{\boxed{\pmb{\sf{ \: \: S.I = \frac{P \times R \times T }{100} \: \: }}}}} \: \purple \bigstar \\ [/tex]

Where :

• » S.I denotes Simple Interest
• » P denotes Principal
• » R denotes Rate
• » T denotes Time

[tex]\\ \qquad{ \underline{\rule{150pt}{3pt}}} \\[/tex]