Check all that applyOnly compound interest has an exponent in its formulaSimple interest is earned on principal and interestCompound interest earns more money than simple interest at the same rate for the same amount of timeSimple interest earns more money than compound interest at the same rate for the same. T Time for which the original sum is borrowed. Where P Principal or the original sum borrowed.
Simple interest is calculated using the formula I P x T x R 100.
It is also denoted as n 2 Amount A Principal Simple Interest P PTR100. T Time for which the original sum is borrowed. 900 5 1 year 45 4. Check all that applyOnly compound interest has an exponent in its formulaSimple interest is earned on principal and interestCompound interest earns more money than simple interest at the same rate for the same amount of timeSimple interest earns more money than compound interest at the same rate for the same.