Question

formula of compound interest compounded anually​

Answer 1

Answer:

ompound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. Interest can be compounded on any given frequency schedule, from continuous to daily to annually. Pls mark me as Brainlist

Answer 2

According to formula,

An = P( 1 +r/100)

Where A is total amount after n years, r is the rate. P is the amount initially

An =10, 000( 1 + 10/100)

=10,000( 1+0.1)"

=10,000(1.1)

An =10,000(1.1)

now, put n = 1 A1 =10, 000(1.1), put n =2, A2 =10,000(1.1)2

in the same way, A3 =10, 00(1.1)

you can see that A2/A1 = A3/A2

so, {An} is in Geometric progression.

now,

amount payable after 5years

A5 =10,000(1.1)^5

=16, 105.1 Rs