8.9 Applications of Compound Interest Formula There are some situations where we could use the formula for calculation of amount in CL Here are a few. (1) Increase (or decrease) in population, (ii) The growth of a bacteria if the rate of growth is known (iii) The value of an item, if its price increases or decreases in the intermediate years.
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- p(1+r/100)^n
- p(1+r/100)^n
- p(1+r/100)^n
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