when the interest is compound anually
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Answer:
compound interest=p×(1+r/100)^n where p is principal, r is rate and n is no. of years
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Answer:in the year the interest compound annually.
Step-by-step explanation:
If the interest is compound by early .then n=1 if semi annually then n=2 quarterly,then n=4 , monthly b,then n=12; weekly bthen 52. Daily, then n =365 and then number of years involved. Because interest rates are expected that way.
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