[laraib.abro]

I mean why are not using -1 .

Look sir there is a question society adds interest monthly to investors accounts even though interest rates are expressed in annual terms the current rate of interest is 6% per year .

Investor deposit 1k on 1 jan how much interest will have been earned by 30 June so why are we using -1 in this question what’s the difference that not using -1 in above question and using in this

[laraib.abro]

Sir please help me in this .

[laraib.abro]

And sir in text the formula is (1+I/n)-1 so why are u doing -1

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