Question

2) Write the formula for calculating compound interest​

Answer 1

Answer:

The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.

Answer 2

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Formula for Compound Interest :-

$\Large \red \bigstar \: \boxed{ \: \: \: \: \underline{ \bf \green{A=P \bigg(1 + \frac{r}{n} { \bigg)}^{nt} }} \: \: \: \: }$

• A = final amount
• P = initial principal balance
• r = interest rate
• n = number of times interest applied per time period
• t = number of time periods elapsed