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?​


(NO SPAMMING OR ELSE GET REPORTED)​

Answer 1

Answer:

1.P (1+ i/n)n

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.

Thank you :)