Question

if a sum is lent at 5% compound interest per annum for 2 year.what is the ratio of the amount to the principal?​

Answer 1

Answer:

For example, if interest is compounded half yearly, then rate of interest would be R / 2, where 'R' is the annual rate of interest. If interest is compounded daily, rate of interest = R / 365 and A = P [ 1 + ( {R / 365} / 100 ) ]T, where 'T' is the time period.