Formulas For Simple and Compound Interest Problems

Apply the Annual Compound Interest Formula Simple interest only earns a fixed amount of interest based on the original principal amount On the other hand,

However, it is much more useful in most cases to use the simplified formula B=P because it leads to the formula for a much more common

distance formula Compound Interest · Calculate the Interest · Add the Interest to the Loan at Start to get the Loan at End of the year · The

ดาวน์โหลดpinterest If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula