the formula of compond interes
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A = P(1 + \frac{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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The future value compound interest formula is expressed as FV = PV (1 + r / n)n t. Here, PV = Present Value (Initial investment), r = rate of interest, n = number of times the amount is compounding, and t = time in years.
Answered by
1
Answer:
The future value compound interest formula is expressed as FV = PV (1 + r / n)n t. Here, PV = Present Value (Initial investment), r = rate of interest, n = number of times the amount is compounding, and t = time in years.
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