Compund interest(with using formulas) plz tell all formulas
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Heyyyy there . ..
Nice question...
● INTERRST = Interest is the price paid by a borrower for the use of a lender's money....
●COMPOUND INTEREST as the interest that accrues when earnings for each specified period of time added to the principal thus increasing the principal base on which subsequent interest is compound interest.
A = P( 1+i)^n
where -----
A = amount
i = annual rate of interest
N = no of conversion period per year
INTEREST = A - P
or
= P (1 +i) - P
hope it helps...
Feel free to ask any query.....
Thanks ☆☆
Nice question...
● INTERRST = Interest is the price paid by a borrower for the use of a lender's money....
●COMPOUND INTEREST as the interest that accrues when earnings for each specified period of time added to the principal thus increasing the principal base on which subsequent interest is compound interest.
A = P( 1+i)^n
where -----
A = amount
i = annual rate of interest
N = no of conversion period per year
INTEREST = A - P
or
= P (1 +i) - P
hope it helps...
Feel free to ask any query.....
Thanks ☆☆
jas6798:
fk i am in 9
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