Dear Sir
I have a confusion in compound interest that when we have to find principal in question that we use this formula => A=P{(1+R/100)-1}
But in some cases when I subtract 1 according to the formula at that time my solution is incorrect so please explain its difference that I can use them .
Sir kindly please explain it with explanation that I could understand it .
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To calculate annual compound interest, multiply the original amount of your investment or loan, or principal, by the annual interest rate. Add that amount to the principal, then multiply by the interest rate again to get the second year's compounding interest
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