Question

maths compound interest​

Answer 1

Answer:

Compound interest is when a bank pays interest on both the principal (the original amount of money)and the interest an account has already earned. ... In the formula, A represents the final amount in the account after t years compounded 'n' times at interest rate 'r' with starting amount 'p' .

Step-by-step explanation:

Example. If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, with additional deposits of $100 per month (made at the end of each month).

Answer 2

Answer:

the Math compound interest is when Bank pays interest on the principle and the interest an account has already earned. in the formula a represents the final amount is the account after t years compounded n Times at interest rate r which Starting amount p