Question

compound interest formula​

Answer 1

Answer:

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Answer 2

Answer:



=final amount=initial principal balance=interest rate=number of times interest applied per time period=number of time periods elapsed

=final amount=initial principal balance=interest rate=number of times interest applied per time period=number of time periods elapsedThe formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.