Question

can someone pls show or workout a sum on the chptr compound interest where we hv to calculate the amount​

Answer 1

Answer:

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

refer to the attachment .

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.