Answer: [tex]P(1+\dfrac{r}{100})^n[/tex]
Step-by-step explanation:
We know that the exponential equation for growth is given by :-
[tex]y=A(1+\dfrac{r}{100})^t[/tex], where A is the initial amount , r is the rate of growth ( in percent) and t is the number of time period.
Similarly,
If P is the principal amount or initial amount deposited or borrowed.
r is the interest rate over a given period ( in percent).
n is the number of times that the interest is compounded.
Then, the total accrued using compound interest will be :-
[tex]A=P(1+\dfrac{r}{100})^n[/tex]
Hence, the correct expression for the total accrued using compound interest : [tex]P(1+\dfrac{r}{100})^n[/tex]
