Thread: helppppppppp

which of these is right?


amount= principal-simple interest


or


amount= principal+simple interest

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)