Question

How to get compound interest

Answer 1

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

Step-by-step explanation:

answer

Answer 2

$hey \: mate$

$here \: is \: ur \: ans$

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

FORMULA:

$compound \: interest =$

$ci \: =p \binom{1 + \frac{r}{</em><em>100</em><em>} } {}^{n} - p$

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