Give the formula of compound interest.
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1
Answer:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
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Answered by
1
Answer:
A=P (1+r/n) nt
A = final amount
P = initial principal balance
r = interest rate
n= number of times interest applied per time period
t = number of time periods elapsed
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