Deduce the formula
AP(1+R/100)"
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Time (in years) Amount Interest
P(1 + R/100) PR100
P(1+R100)2 P(1 + R/100) (R/100)
P(1+R100)3 P(1 + R/100)2 (R/100)
P(1+R100)4 P(1 + R/100)3 (R/100)
P(1+R100)n P(1 + R/100)n-1 (R/100)
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Answer:
find the interest rate (r) in the formula a=p(1+r)t , you need to know the values of a (amount), p (principal) and t (time). You would take a and divide it by p. You will then take that result and take the t root of it. You then subtract that answer by 1 to get your interest rate in decimal form.
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