Question

Write down the formula for compound interest

Answer 1

Compound Interest  :-

$A = P ( 1+\frac{r}{n} ){nt}$

A ----- Amount

P ----- Principal

R ----- Rate of interest

nt ---- Time in years

N ----- No. of times the interest is compounded per year

Answer 2

A= P(1+R/N)nt

(A - Amount

Р -Principal

R- Rate of interest

nt - Time i

N- No. of times the interest is compounded per year)

hope it helps you

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