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Question

What is the formula for compound interest?

A
C.I =P(1+r100)n
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B
C.I =P(1+r10)n
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C
C.I =P(1+100r)n
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D
C.I=P(1+r100)nP
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Solution

The correct option is D C.I=P(1+r100)nP
This is the formula for total amount
A = =P(1+r100)n
C.I =Total amount - Principal amount

Hence C.I = =P(1+r100)nP

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