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compound interest formula in maths with example. Find the present value PV of an annuity and of a perpetuity. Finds the Future Value where.
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R rate of return 10 compounded annually. When buying on credit you have to borrow money to pay for the object meaning you will have to pay more for it due to the interest on the loan. Examples include compound interest and population.
Let us substitute the given data in the compound interest formula.
A P1 r2 1002n 40001 102 10022 486203 A P 1 r 2 100 2 n 4000 1 10 2 100 2 2 486203 The final amount is 486203. A 5000 110 3. So Compound Interest will be-CI. 50000110100 5 50000 8052550 50000.
