In Compound Interest:-
For example:-
CI=A-P
CI=10000[(27/25)whole square-1]
My question is how does that "-1" come after whole square?

Asked by hvasisht16 | 18th May, 2016, 04:08: PM

Expert Answer:

For space compound space interest

Amount space left parenthesis straight A right parenthesis space equals space straight P open square brackets 1 minus straight r over 100 close square brackets to the power of straight t

Compound space interest space left parenthesis CI right parenthesis space equals space straight A space minus space straight p
space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals space straight P open square brackets 1 minus straight r over 100 close square brackets to the power of straight t space minus space straight P
space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals straight P open curly brackets open square brackets 1 minus straight r over 100 close square brackets to the power of straight t space minus 1 close curly brackets

Answered by  | 6th Jun, 2016, 06:10: PM

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