what is the formula for time in compound intrest
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Answered by
1
Answer:
A = P(1 + r/n)nt
t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.
Answered by
3
Answer:
A = P(1 + r/n)nt
t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.
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