Question

State the formula to find the amount in case of Compound interest.​

Answer 1

CI =

$p( {1 + \frac{r}{n} )}^{nt}$

Answer 2

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.

Step-by-step explanation:

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