question_answer

If principal is x and rate of interest is y % annually for five years then which one of the following is correct for calculating the compound interest?

A)  \[x\left\{ {{\left( 1+\frac{5}{100} \right)}^{y}}-1 \right\}\]         

B)  \[y\left\{ {{\left( 1+\frac{5}{100} \right)}^{x}}-1 \right\}\]

C)  \[x\left\{ {{\left( 1+\frac{y}{100} \right)}^{5}}-1 \right\}\]         

D)  All of these

E)  None of these