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Google Sheet Formula. Compound and SImple Interest

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I want to create a table such that I can produce a value based on wheather soemthing is simple interest or compound interest.

Say in Column B contains the text S ( for Simple interest) then cells in column C would produce a result suing the formula for simple interest

if a cell in column B cointails C (For compound Interest) the Cells in Column C would produce a value using the compound itnerest formula.

Can I get help withthwat functionI shoulduse?

Thnaks


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