formula of compound interest annually ?
pjgaikar06:
:) Thank you sis / bro for marking me as brainleist.
Answers
Answered by
0
The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
Answered by
1
Answer:
mark me as brainlist
Step-by-step explanation:
The second way to calculate compound interest is to use a fixed formula. The compound interest formula is ((P*(1+i)^n) - P), where P is the principal, i is the annual interest rate, and n is the number of periods
this is the correct answer
Similar questions