Question

Write the formula to find amount to be paid through compound interest. Explain each term in it.

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Answer 1

P(1+R/100)^n here P is principal amount R rate of interest n number of years

Answer 2

Answer:

a = p(1+r/100) to the power n

Step-by-step explanation:

a =amount

p =principle

r = rate of intrest

n =time period