Question

How to find the amount of any compound​

Answer 1

Answer:

= P(1 + r/n)nt

• A = Accrued amount (principal + interest)
• P = Principal amount.

• r = Annual nominal interest rate as a decimal.

• R = Annual nominal interest rate as a percent.

• r = R/100.

• n = number of compounding periods per unit of time.

• t = time in decimal years; e.g., 6 months is calculated as 0.5 years.

Explanation:

I hope it helps you

Answer 2

Answer:

P(1 + r/n)nt

A = Accrued amount (principal + interest)

P = Principal amount.

r = Annual nominal interest rate as a decimal.

R = Annual nominal interest rate as a percent.

r = R/100.

n = number of compounding periods per unit of time.

t = time in decimal years; e.g., 6 months is calculated as 0.5 years.

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