formula of compound interest compounded anually​

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formula of compound interest compounded anually​

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Cora 1 week 2021-09-07T04:05:44+00:00 2 Answers 0 views 0

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    0
    2021-09-07T04:06:44+00:00

    According to formula,

    An = P( 1 +r/100)

    Where A is total amount after n years, r is the rate. P is the amount initially

    An =10, 000( 1 + 10/100)

    =10,000( 1+0.1)”

    =10,000(1.1)

    An =10,000(1.1)

    now, put n = 1 A1 =10, 000(1.1), put n =2, A2 =10,000(1.1)2

    in the same way, A3 =10, 00(1.1)

    you can see that A2/A1 = A3/A2

    so, {An} is in Geometric progression.

    now,

    amount payable after 5years

    A5 =10,000(1.1)^5

    =16, 105.1 Rs

    0
    2021-09-07T04:07:40+00:00

    Answer:

    ompound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. Interest can be compounded on any given frequency schedule, from continuous to daily to annually. Pls mark me as Brainlist

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