formula for compound interest in Problem of depreciation
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Answered by
1
Answer:
A- p where
Step-by-step explanation:
A is the final amount , p is yhe principal ,r is the rate of interest compounded yearly and n is the number of yearrs
Answered by
2
Answer:
The formula given above is the compound interest formula in case of depreciation where :—
- A is the amount .
- P is the principal .
- r is the rate of interest .
- n is the time in years .
- CI is the compound interest .
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