Question

✒How to find the Compound interest .
✒Give its formula .
✒And give one example of compound interest.

✅Give example with question and answer both .

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Answer 1

Step-by-step explanation:

Formula of compound interest =P(1+r/100)

example :-

p=1000

r=5%

t=1 year

so,A=1000(1+5/100)¹

=1000(1+1/20)¹

=1000×21/20

=21×50

=1050 and:-

Answer 2

Answer:

1. YOU CAN FIND COMPOUND INTEREST BY FOLLOWING FORMULAS:

$a = p( {1 + \frac{r}{100} })^{n} \\ \\ \\ \\ \\ c = a - p$

WHERE,

A =AMOUNT

P = PRINCIPLE

R= RATE OF INTEREST

N=TIME PERIOD

AND,

C=COMPUND INTEREST.

♤SEE THE ABOVE ATTACHMENT FOR EXAMPLE.