Loading W Code...
SI: Interest on principal only. CI: Interest on principal + accumulated interest.
CI - SI (2 years) = P × (R/100)²
Formula:
SI = PRT/100 (P=Principal, R=Rate, T=Time)
Example:
SI on ₹5000 at 8% for 3 years?
SI = 5000×8×3/100 = ₹1200