Question

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1.What is the formula for finding amount compounded annually?

2. What is the formula for finding amount half yearly?​

Answer 1

1. What is the formula for finding amount compounded annually?

➡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.

2. What is the formula for finding amount half yearly?

➡If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

Answer 2

Answer:

1) P (1+ i/n)n

This formula can be used to calculate compound interest that is compounded annually. This means you receive interest only once a year. It is added to your principal, and you continue to earn interest on the new amount.

Period: Deposit Balance

2). If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

Step-by-step explanation:

Hope it helps ☺️☺️