Question

Write the formula for finding the amount in compound interest and express the each term in it
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Answer 1

Answer:

Amount = P x (R + 1/100)^T

Step-by-step explanation:

P means principal

R means rate of interest

T means time

Answer 2

Formula for finding the amount in compound interest  is $A= P(1 + \frac{R}{100} )^t$ if compounded yearly otherwise $A= P(1 + \frac{R}{100n} )^{nt}$ where n  is the number of times interest is compounded yearly

Interest are of two types:

• Simple Interest
• Compound interest

In case of Compound interest , interest is Added in principal after each compounding period.

For Period less than compounding period Simple interest and compound interest are same.

P = Principal

R = rate of interest in % per annum

t = number of year

A = Amount

If Compounded yearly

$A= P(1 + \frac{R}{100} )^t$

If n  is the number of times interest is compounded yearly then formula is

$A= P(1 + \frac{R}{100n} )^{nt}$

Formula for finding the amount in compound interest  is $A= P(1 + \frac{R}{100} )^t$  if compounded yearly otherwise $A= P(1 + \frac{R}{100n} )^{nt}$  where n  is the number of times interest is compounded yearly

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