Question

formula of compound Interest?
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Answer 1

hey

If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal). n = 12.

Answer 2

annually p = principal ,

R= rate of interest

N= time period (years)

A= amount with interest

then: A=P(1+R/100)to the power n

CI = A - P
hope it help
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