Math, asked by kkpp1, 1 year ago

what is the formula of compound interest?

Answers

Answered by anuj
3
The formula for compound interest is as follows 

Amount is given by

:A = P [1 + R/100)] ^{t}

Where 
A=Amount
P=Principle
R=RAte
t=time

We know 

C.I[compund interest ] =Amount -  Principle

ON doing that you will get
 P[ [1 + R/100)] ^{t} - 1]


THIS FORMULAE IS FOR INTEREST calculated  ANNUALLY 

HOPE IT HELPS!!!!1
Similar questions