The formula to calculate the amount when principal is compounded annually is given by $A = P \times (1 + \frac{R}{100})^{n} .$

False

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True

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Solution

The correct option is B True

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Similar questions

The formula for amount A when the principal P is compounded annually at r% per year for t years is ______ .

Question 32

When principal P is compounded semi-annually at r% per annum for t years, then amount = ___

If P is principal, R is rate of interest per annum compounded annually and N is number of years then amount is given by:

A = p (1 + r)^{t}

A

t

P

t

r

5, 000 i n a s a v i n g a c c o u n t w h i c h g i v e s

Question 27

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

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