Question

how to find compound interest and what are formulas give an example of how to find it​

Answer 1

Answer:

Compound Intrest = Amount - Principal

Step-by-step explanation:

There are two cases : (i) When amount is given

(ii) When amount is not given

So in (i) case :

The formula is :- CI = Amount - Principal

And in (ii) case :

The formula is : Amount = Principal(1+R/100)^Time

Example is in the Above picture

Hope it helps!!