Question

The formula for calculating Amount when interest is compounded annually.​

Answer 1

Answer:

Compound interest, or 'interest on interest', is calculated with the compound interest formula. 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:

Answer 2

Answer:

A=[1+R/100]^n

NOTE:

n is denoting time here.