Question 27

Amount when interest is compounded annually, is given by the formula ___

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Solution

Amount when interest is compounded annually, is given by the formula
$A = P {(1 + \frac{R}{100})}^{T}$
where, P = principal, R = rate per annum and T = time

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Question 27

Amount when interest is compounded annually, is given by the formula ___

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