Question

Formula for compund interest

Answer 1

INTEREST = P × n (n+1)× 1 × r

2. 12. 100

Answer 2

Answer:

$\huge\mathfrak\red{Good \: Morning} \\ \\ \large\purple{when \: compunds \: annually} \\ \tt\blue{Amount = Principal \times (1 + \frac{r}{100})^{time} } \\ \large\purple{when \: compunds \: half \: yearly} \\ \tt\blue{Amount = Principal \times (1 + \frac{r}{100})^{2 \times time} } \\\large\purple{when \: compunds \:quaterly} \\\tt\blue{Amount = Principal \times (1 + \frac{r}{100})^{4 \times time} }$