what is the formula to find compound interest
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P×R×t UPON 100.
hipe this will help you...!!!!
hipe this will help you...!!!!
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If an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%,compounded monthly, the value of the investment after 10 years can be calculated as follows... P = 5000. r = 5/100 = 0.05 (decimal). n = 12.
A=P(1+r/n)nt
where -A= amount.,p=principal,
r =interest rate (decimal),,
n= numbers of time interest is compound per year.,,
nt=time(year)
A=P(1+r/n)nt
where -A= amount.,p=principal,
r =interest rate (decimal),,
n= numbers of time interest is compound per year.,,
nt=time(year)
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