Answers

2015-09-09T14:43:40+05:30

This Is a Certified Answer

×
Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
A ⇒ P × ( 1 +  \frac{r}{n} )  ^{nt}

Where A = Amount Accumulated ,
P = Principle ,
r = rate of interest ,
n = compounding per period ,
t = no. of periods. 
0
2015-09-09T14:58:34+05:30
If you want to calculate compound interest(CI) for Principal=P, at the rate =R %, for a time period = t, compounded n times a year(compounded annually means n=1);
The total amount(A) will be

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

CI= A-P=P(1+ \frac{r}{100n})^{nt} - P=P[(1+ \frac{r}{100n})^{nt}-1]
1 1 1