Question

what is the correct formula for compound interest?​

Answer 1

Answer:

The compound interest formula is ((P*(1+i)^n) - P), where P is the principal, i is the annual interest rate, and n is the number of periods.

Answer 2

Answer:

The formula for calculating compound interest is A = P (1 + r/n) ^ nt

For this formula, 'A' is the amount, 'P' is the principal amount, 'r' is the rate of interest per annum, 'n' denotes the number of times in a year the interest gets compounded, and 't' denotes the number of years.

Hope I was able to help!!