Business Studies, asked by vijayrockzz5074, 10 months ago

Deposits a sum of at the interest rate of compounded annually for find the maturity value after .

Answers

Answered by xxZUBAKOxx

Explanation:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. Interest can be compounded on any given frequency schedule, from continuous to daily to annually

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