Question 549165
Principal P =	100									
Amount=	A									
years=n	1									
compounded	1	times a year		t

Simple interest & compound Interest for first year are same						
Rate =	12.00			0.12						
Amount =P*((n+r)/n)^n*t									
										
Amount =100	*(	1	+	0.12	)^	1	*	1
Amount =100*(1+0.12)^1			
	100*(1.12)^	1					
Amount =	112