Question

चक्रवृद्धि ब्याज क्या हैं? इसका सूत्र क्या हैं? Compound Interest Formula With Example

Answer 1

$<b>Answer :-$

Compound interest is a type of interest. It's amount is higher than simple interest.

To find Compound interest , firstly we have to find amount by the following method :-

Amount = p ( 1 + $\dfrac{r}{100}$)^t

Here, "p" stands for principle, "r" stands for rate and "t" stands for time.

After finding amount , we have to add principle and amount to find Compound interest.

i.e. Compound interest = Amount + Principle.