Write formula for caluculating amount with compound interest and explain the terms in formula
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Answered by
2
A = P ( 100+R/100)^
^ = N
A= amount
P = Principle
R = rate
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Answered by
3
The formula is P( 1+R/100)N
THE FORMULA IS P INTO 1+R BY 100 RAISED TO THE POWER N
IT IS OF COMPOUNDED ANNUALLY.
THE Formula OF COMPOUNDED HALF YEARLY IS P(1+R/100)2N
IN THIS THE RATE BECOMES HALF AND THE TIME BECOME DOUBLE.
WHERE
P= Principal
A= Amount
N= Time
R = Rate of interest.
I HOPE IT WILL HELP YOU
AND IF YOU LIKE THE ANSWER MARK ME AS BRAINLIST
THE FORMULA IS P INTO 1+R BY 100 RAISED TO THE POWER N
IT IS OF COMPOUNDED ANNUALLY.
THE Formula OF COMPOUNDED HALF YEARLY IS P(1+R/100)2N
IN THIS THE RATE BECOMES HALF AND THE TIME BECOME DOUBLE.
WHERE
P= Principal
A= Amount
N= Time
R = Rate of interest.
I HOPE IT WILL HELP YOU
AND IF YOU LIKE THE ANSWER MARK ME AS BRAINLIST
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