Interest Calculator (App) helps you to calculate Simple Interest and Compound Interest.
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#Simple Interest
- SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.
#Compound Interest
- CI = P ( 1 + r/n ) to the Power nt
where:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed