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maxonik [38]
3 years ago
9

PLEEEEEEEASE HELP THIS IS MY LAST 10 POINTS PLEASE I BEG

Mathematics
1 answer:
GrogVix [38]3 years ago
3 0

Answer:

A. Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."

B. Simple interest=P×i×n

where: P=Principle

i=interest rate

n=term of the loan

Compound interest=[P(1+i)n]−P

Compound interest=P[(1+i)n−1]

where: P=Principle

i=interest rate in percentage terms

n=number of compounding periods for a year

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