Question

formula of
amount when the interest is
Compounded yearly
and time is in
fraction​

Answer 1

Answer:

Let Principal = P, Rate = R% per annum, Time = n years. When interest is compounded Annually but time is in fraction, say 3 years. When Rates are different for different years, say R1%, R2%, R3% for 1st, 2nd and 3rd year respectively.

...

Exercise :: Compound Interest - Important Formulas.

Present Worth = x

1 + R n 100

Step-by-step explanation:

Hope this answer will help you.✌️

Answer 2

Answer:

Amount = p(1+r/100)to the power t