Question

the formula for calculating the compound interest is p [ 1- R /100] n o2 p [ 1+R /100] n​

Answer 1

Answer:

The formula for calculating the compound interest is p [ 1- R /100] n o2 p [ 1+R /100] n​ = 14,164.00

Step-by-step explanation:

From the above question,

They have given :

The formula for calculating the compound interest is p [ 1- R /100] n o2 p [ 1+R /100] n​

where,

p = Principal Amount

R = Rate of Interest

n = Number of years

o = Number of times the interest is compounded per year

p [ 1- R /100] n o2 p [ 1+R /100] n =  Principal Amount x [(1 + Rate of Interest / 100)Number of years x Number of times the interest is compounded per year]2

Compound interest is the interest earned on the initial principal, plus the interest earned on the accumulated interest of previous periods. Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate to the power of the number of compound periods.

example p [ 1- R /100] n o2 p [ 1+R /100] n =  10000 x [(1 + 10 / 100)2x2]2

= 10000 x [(1.10)4]2

= 10000 x [1.4164]2

= 14,164.00

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Answer 2

Step-by-step explanation:

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