Question

Please help!

Write down the formula for calculating the compound interest earned on a deposit for $300 for 10 years at a rate of 5% per year compounded monthly. variables are p:$300, r:5%, n:10 years

Answer 1

Answer:

A=P[1+r/n]^nt

Step-by-step explanation:

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Answer 2

Answer:

A=P(1+r/n)^nt

Step-by-step explanation:

here P=principal & A=amount & r=rate & t =time