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Formula 2 Let P be the principal and the...

Formula 2 Let P be the principal and the rate of interest be `R%` per annum. If the interest is compounded k times annually then the amount A and the compound interest C.I. at the end of n years are given by `A=P(1+R/(100k))^(nk) and C.I.A-P=P{(1_R/(100k))^(nk) - 1}` respectively

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Formula 1 Let P be the principal and the rate of interest be R% per annum.If the interest is compunded anually then the amount A and the compound interest C.I.at the end of n years are given by nA=P(1+(R)/(100))^(n) and C.I.=A-P=P{(1+(R)/(100))^(n)-1} respectively.

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