what is the formula for compound interest
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Answered by
3
Formula for compound interest:
A=P[1+R/100]^n
where A=Total amount
P=Principle amount
R=rate of interest
n=time period(in years)
A=P[1+R/100]^n
where A=Total amount
P=Principle amount
R=rate of interest
n=time period(in years)
mandy3:
what does 'n' stand for
actually what would come in the place of n
Number of years
thank you..
welcome:)
thnx for marking my ans best....
hehe mention not..
Answered by
1
Formula for compound interest is CI = A - P
Here
Here P stands for Principle
R stands for Rate of Interest
n stands for time (no. of terms)
Here
Here P stands for Principle
R stands for Rate of Interest
n stands for time (no. of terms)
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