Question:
We know that , Compound Interest = Amount - Principal money
So, Compound Interest = $p{\left(1+\frac{r}{100}\right)}^t-p$
Q: Derive the formula for Amount i.e. $p{\left(1+\frac{r}{100}\right)}^t$ in Compound interest without taking any certain examples.
{{Derive this by using concepts that can be universally applicable as a derivative.}}