all formula of compound interest
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If an amount of $5,000 is deposited into a savings account at an annualinterest rate of 5%, compoundedmonthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal).
If an amount of $5,000 is deposited into a savings account at an annualinterest rate of 5%, compoundedmonthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal).
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A=P(1+r/100)^n,
where
A=Amount,
P=Principal,
r=rate of interest,
n=time period
where
A=Amount,
P=Principal,
r=rate of interest,
n=time period
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