write the formula for calculating compound interest and explain terms in the formula
Answers
Answered by
0
Compound interest, or 'interest on interest', is calculated with the compound interest formula. The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
answer given
Answered by
0
Answer:
Compound interest = Principle - Amount
Similar questions