which of these is right? amount= principal-simple interest or amount= principal+simple interest
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Originally Posted by gautam93 which of these is right? amount= principal-simple interest or amount= principal+simple interest the second one(you alwaysgetmore thanyou deposit)
Originally Posted by malaygoel the second one(you alwaysgetmore thanyou deposit) You only get more out than you deposit if the interest rat is positive, but the second formula applies even if the interest rate is negative. RonL
amount is always more than principle amount=principle+simple interest
Originally Posted by minaxijgupta amount is always more than principle ONLY IF THE INTEREST RATE IS POSITIVE amount=principle+simple interest RonL (claiming rule 10 exemption on the grounds on needing EMPHASIS)
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