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Math Help - helppppppppp

  1. #1
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    Question helppppppppp

    which of these is right?


    amount= principal-simple interest


    or


    amount= principal+simple interest
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  2. #2
    Super Member malaygoel's Avatar
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    Quote Originally Posted by gautam93 View Post
    which of these is right?


    amount= principal-simple interest


    or


    amount= principal+simple interest
    the second one(you alwaysgetmore thanyou deposit)
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  3. #3
    Grand Panjandrum
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    Quote Originally Posted by malaygoel View Post
    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
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  4. #4
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    Smile

    amount is always more than principle

    amount=principle+simple interest
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  5. #5
    Grand Panjandrum
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    Quote Originally Posted by minaxijgupta View Post
    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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