Math, asked by jayanthisivakumar, 1 year ago

C I INTEREST COMPOUND ANNUALY

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Answered by ishantrao1234567

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Answered by tannoypathak

Let's look at an example. If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, 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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