Question

what is the formula of compound interest ​

Answer 1

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value

Step-by-step explanation:

Answer 2

Here Amount = Principal (1+Rate/100)^n

then subtract Principal from the amount to get compound interest

or use P{(1+r/100)^n-1}

hope it helps