what is the rule for compound intrest please no symbols full words
The principal amount is the one you invest.
The formula for compound interest, P(1+r/100)^t, is when, P is principal amount, r, the rate, and t, the time.
If the rate is yearly, then the time, t, must too be in years.
If the rate is monthly, the time, t, must be monthly too.
The answer you get to the formula above IS NOT THE INTEREST. It is the TOTAL AMOUNT.
If you invest 200, and the answer you get to the formula is 300, the 300 is not the interest, rather the TOTAL you get.
The interest is, total - principal, 300 - 200 = 100.