Question

what is formula of compound interest????​

Answer 1

Answer:

compound interest (A)

A=P$(1 +\frac{r}{n} )^{nt}$

A= final amount

P=initial principal balance

r=interest rate

n=number of times interest applied per time period

t =number of time periods elapsed

Answer 2

Answer:

$\tt A=P{( 1 + \dfrac{r}{100})}^{n}$

A=Amount

P=Principal

r=rate

n is the number of years.