Question

10. Write formula for Compound Interest.​

Answer 1

Answer:

If we plug those figures into the formulae, we get: Total = [ Compound interest for principal ] + [ Future value of a series ] Total = [ P(1+r/n)^(nt) ] + [ PMT × (((1 + r/n)^(nt) - 1) / (r/n)) ] Total = [ 5000 (1 + 0.05 / 12) ^ (12 × 10) ] + [ 100 × (((1 + 0.00416)^(12 × 10) - 1) / (0.00416)) ]

Answer 2

Step-by-step explanation:

A=P (1+r/n)^nt

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