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What is the formula for compound …

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What is the formula for compound interest
  • 2 answers

Sania Khan 6 years, 8 months ago

First we have to calculate the amount: P(1+r÷100)^t. Then we find the compound interest by subtracting the amount from principal.

Ayan Bhatia 6 years, 8 months ago

Principal (1+R÷100)^t
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