How to find compound interest though accumulated amount when we deposit principle in one year and we have to find interest for 3 years what's the formula is applied??
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Step-by-step explanation:
The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
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