How can find compound interest by different formulas
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Compound Interest Formulas and Calculations:
Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt
Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt
Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt - 1]
Calculate rate of interest in percent. R = r * 100.
Calculate time, solve for t.
Step-by-step explanation:
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