Question

how can you find the maturity value after t years or the balance at the end of year in an account that uses compound interest​

Answer 1

Given :  compound interest​

time t years

To Find : maturity value after t years  or  balance at the end of year

Solution:

P = Initial Amount

R = Rate of interest per annum

n  = number of times compounded in a year

t  = time in years

A = amount after t year

$A = P ( 1 + \frac{R}{100n})^{nt}$

Balance after 1 year

=> $A = P ( 1 + \frac{R}{100})^{n}$

Learn More about compound interest

brainly.in/question/3063332

brainly.in/question/9228591

brainly.in/question/7863029

Answer 2

Answer:

Given :-

• maturity value after t years or the balance at the end of year in an account that uses simple interest

To Find :-

• How

Solution:-

Let say Amount = P

Rate of Interest = R  % per annum

Time  = T year

SI = P * R * T /100

Balance at the end of t year  = P + SI

= P +  P * R * T /100

= P ( 1  + RT/100)

maturity value after t years or the balance at the end of T years =  P ( 1  + RT/100)