What Is The Formula Used To Calculate Interest On A Loan?

 
 
well the formula is
 
 
 
 
S=P(1+i)^n
 
where,
 
S= Future Value
P= Present Value ( Value of Loan )
i = interest rate
n= number of Periods for which loan has been taken
 
 
If you want to calculate you must know the present value, future value and the rate of Interest ..
 
Good Luck
 

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The formula to calculate simple interest is as follows;

I=Prt
where I is interest
P is amount taken as loan
r is the rate of interest on loan
t is the time period for which loan is taken


Compound interest formula is as follows;

A = P(1 + r)n

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