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Lesson 2: Compound Interest: Worked Examples
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Compound Interest Compounded Annually
Lesson 2 · Compound Interest: Worked Examples
Compound Interest Compounded Annually
Mathematics
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8 min
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Question 1 of 14
1
Which is the formula for simple interest?
\( SI = P + \frac{TR}{100} \)
\( SI = \frac{P \times T \times R}{100} \)
\( SI = P \times T \times R \times 100 \)
\( SI = \frac{P \times R}{100 \times T} \)