write the formula for claculating amount with compound intrest and explian in terms in formula
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Heya here is your answer
interest is:
Compound Interest = Total amount of Principal and Interest in future (or Future Value) less Principal amount at present (or Present Value)
= [P (1 + i)n] – P
= P [(1 + i)n – 1]
(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)
Hope it helps u....
Thanks ✅
interest is:
Compound Interest = Total amount of Principal and Interest in future (or Future Value) less Principal amount at present (or Present Value)
= [P (1 + i)n] – P
= P [(1 + i)n – 1]
(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)
Hope it helps u....
Thanks ✅
manannarang1313:
nice answer sis n sry if you hurt
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0
A = amount
P = principal
nt = years
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