Formula of compound interest
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Answered by
6
HEYA !!
Compound interest = [P(1+r/100)^t] -1
OR...
Amount = P(1+r/100)^t,,,,,
C.I = A - P.
Compound interest = [P(1+r/100)^t] -1
OR...
Amount = P(1+r/100)^t,,,,,
C.I = A - P.
Answered by
1
Hola there,
Principal (P)
Rate of interest (r)
Amount (A)
Time interval (t)
No. of times the interest is compounded per year(n)
Formula of compound interest:
A = P(1 + r/n)^nt
Hope this helps...:)
Principal (P)
Rate of interest (r)
Amount (A)
Time interval (t)
No. of times the interest is compounded per year(n)
Formula of compound interest:
A = P(1 + r/n)^nt
Hope this helps...:)
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