IfT denotes the sum of money, M denotes the number of years, P denotes the rate of interest (interest is compounded annually), then the compound interest is given by:

A

$$T\left(1+P/100\right)^{M}-T$$

B

$$T\left(1+P/100\right)^{M}$$

C

$$M\left(1+T/100\right)^{P}-T$$

D

$$M\left(1+M/100\right)^{P}$$