Im confused between simple annual interest, interest and CI.

Sometimes 1.06 is taken then sometimes only 0.06

Cud someone pls explain I would be glad

It’s `1000 * (1 + 0.06)`

if you want to calculate the principal amount + the interest

It’s `1000 * (1 + 0.06) - 1000 * (1) = 1000 * (0.06)`

if you only want to calculate the interest

Could u pls provide an eg if possible