Question

4 Formula to find Amount in compound intrest​

Answer 1

Answer:

P (1+ i/n)nt

t = Time, meaning the length of time the interest is applicable, generally in years. Simply put, you calculate the interest rate divided by the number of times in a year the compound interest is generated. For instance, if your bank compounds interest quarterly, there are 4 quarters in a year, so n = 4.

Answer 2

Answer:

Amount formula is = P ( 1 + R / 100 ) t

and

CI = Amount - Principal