What is the formula for calculating compound interest annually?

A

A = P(1 + R/100)^T
B

A = P + (R x T) / 100
C

A = P x R x T
D

A = P x T x (R / 100)

Explanation:

Compound interest formula is A = P(1 + R/100)^T

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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