Free Study Material For RRB Examination: Mathematics (Compound Interest)
Free Study Material For RRB Examination
Subject : Mathematics (Compound Interest)
In compound interest, the interest is added to the principal at the end of each period and the amount thus obtained becomes the principal for the next period. The process is repeated till the end of the specified time.
If P = Principal
R = Rate per cent per unit time
Time = n years
A = Amount; CI = Compound Interest
When the interest is compounded annually
