Question

Eusta.
Fill in the blanks :
1 Amount when interest is compounded annually is given by the formula intial amount
Conversion
2.
The time period after which the interest is added each time to form a new principal is called
period.
3.
When principal P is compounded semi-annually at r% per annum for t years, then Amount​

Answer 1

Answer:

1) 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.

2) the time period after which the interest is added each time to form a new principal is called the conversion period.

3) Let principal = $ P, rate = R % per annum and time = n years.

Then, the amount A is given by the formula

A = P (1 + R/100)ⁿ

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Answer 2

Answer:

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