A= P(1plusR/100)n is the formula of
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The formula for calculating the compound interest is p [ 1- R /100] n o2 p [ 1+R /100] n
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If the rate of interest is annual and the interest is compounded annually then in such cases we use the following formula for compound interest. Note: A = P(1 + r100)n is the relation among the four quantities P, r, n and A. Given any three of these, the fourth can be found from this formula.
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