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Compound interest is calculated by applying?

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Looking for the answer to the question below related to Modern Banking?

Compound interest is calculated by applying?

 Options:

  • A. ci=p(i+r)n-p
  • B. ci=p(i+r)n
  • C. ci=pnr
  • D. ci=p(i+r)(i+r)n

The Correct Answer Is:

  • A. ci=p(i+r)n-p

 

Conclusion

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