Economy, asked by prabhjotkaur3602, 1 year ago

Formula of principal and compound interest calculation

Answers

Answered by Anonymous
6

A = P(1 + r/n)nt

A = Accrued Amount (principal + interest)

P = Principal Amount.

I = Interest Amount.

R = Annual Nominal Interest Rate in percent.

r = Annual Nominal Interest Rate as a decimal.

r = R/100.

t = Time Involved in years, 0.5 years is calculated as 6 months,

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