what is the formula for calculating amount?
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Answered by
0
Hola!
Here is your answer -
Formula for Amount
=> Calculating amount in compound interest
A = P( 1 + r/n)^nt
where
A is amount
P is principal
r/n is Interest rate
nt is time(years)
Hope it helps
Here is your answer -
Formula for Amount
=> Calculating amount in compound interest
A = P( 1 + r/n)^nt
where
A is amount
P is principal
r/n is Interest rate
nt is time(years)
Hope it helps
Answered by
1
hey
here is your answer
The formula for calculating compound interest is A = P (1 + r/n) ^ nt. For thisformula, 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 its help you
here is your answer
The formula for calculating compound interest is A = P (1 + r/n) ^ nt. For thisformula, 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 its help you
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