Math, asked by mohdaslam2020malik, 5 months ago

computation of compound interest by three different banks​

Answers

Answered by Anonymous
4

\large\mathbb{\underline{\underline{\purple{Answer :-}}}}

Calculating monthly compound interest

Divide your interest rate by 12 (interest rates are expressed annually, so to get a monthly figure, you have to divide it by the number of months in a year.)

Add 1 to this to account for the effects of compounding.

Answered by vikalpdudi
0

can't understand what are you saying

Similar questions