How to find compound interest formula
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Answered by
2
Heya friend,
Formula for finding C.I.
C.I. = P{(1+R/100)^n - 1}
A = P(1+R/100)^n
Thanks
With regards@
Tanisha
Formula for finding C.I.
C.I. = P{(1+R/100)^n - 1}
A = P(1+R/100)^n
Thanks
With regards@
Tanisha
Answered by
3
If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal). n = 12.
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