how to calculate compound interest
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Answered by
1
The formula to calculate compound interest is:
C.I = {P ( 1 + r/100 )^ t} - P
where P = principal
r = rate of interest
t = no. of years
C.I = {P ( 1 + r/100 )^ t} - P
where P = principal
r = rate of interest
t = no. of years
Answered by
1
amount =a
principal =p
time =t
rate =r
compound interest =c i
a=p(1+r/2)^t
c i = a - p
principal =p
time =t
rate =r
compound interest =c i
a=p(1+r/2)^t
c i = a - p
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