Answer:
The correct answer is A = P × [tex](1 + \frac{r}{100n} ) ^{nt}[/tex].
Step-by-step explanation:
We need to find the amount of a principal invested in a compound interest.
Principal to be invested = P.
Time for the investment = t.
Annual rate of interest = r %.
Compounded n times per year.
Therefore amount (A) is given by the formula:
A = P × [tex](1 + \frac{r}{100n} ) ^{nt}[/tex] where symbols have meanings as per the above mentioned parameters.
