Question

Write the formula for finding the amount in compound interest and express the each term in itp

Answer 1

Answer:

Each term is well explained in this pic. hope it will help you.

Answer 2

Answer:

The required formula is,

$A=P(1+r)^t$

Step-by-step explanation:

Compound interest is calculated on the initial value with accumulated interest of previous periods of a deposit.

Since, the amount formula in compound interest is,

$A=P(1+r)^t$

Where,

P = Principal amount,

r = rate ( in decimal ) per period,

t = number of periods,