i am confuse in compound intrest that we used p×r×t/100 formula used or p(1+7/100)^n
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i am confuse in compound intrest that we used p×r×t/100 formula used or p(1+7/100)^n
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Answer:
p×r×t÷100 this is formula of simple interest
Step-by-step explanation:
Bro,, calm down
For Compounded Annually
Amount = Principle x (1+ R/100)^n. where, "R" is rate of interest and "n" is time
For Compounded half yearly
Amount = Principle x ( 1+ R/200)^2n
OK,,, hope u understood