Question

For compound interested sum what details are necessary?

Answer 1

Amount after compound interest is calculated by the given formula:
A = P * (1+r/t) ^ (nt)

Where

A = amount after time t

P = principal amount (your initial investment)

r = annual interest rate (divide the number by 100)

t = number of years

n = number of times the interest is compounded per year.

Thus you need to have the details of the elements used in the given formula.