Science, asked by aminpragnaben, 1 year ago



if P is equal to rupees 7000 and rate is 4 percent and time is 5 years find compound interest
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Answers

Answered by cuteprincess200012
0

Answer:

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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