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Simple Interest and Compound Interest


  • P - Principal, A = Amount, I = Interest, T = Time, R = Rate of interest per annum.

    • FORMULAE:
  • 1. A = P + I

  • 2. I = PTR/100

    • COMPOUND INTEREST
    Nomenclature: A - Amount (Compounded)
    P - Principal
    R - Rate of interest per annum
    N - Number of years or Number of periods
  • Formulae: A = P (1 + R/100)^T = COMPOUNDED AMOUNT.