what is the formula of compound interest
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▪A = P(1+r/n)^nt
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year.
Hope This Helps You!✌
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year.
Hope This Helps You!✌
cherry5994:
i was confusedwith compound and simple intrest
it's ok
chill out
tgen tge brainiest answer is wrong
yes
that is for finding amount
not compound interest
yes
ok dear byee
byeeeeeee
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5
this is the formula for compound interest
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