write formula for amount when interest is compound annually amount amount (A)
Answers
Answered by
2
Answer:
The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
Answered by
2
Answer:
The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
Similar questions
Math,
1 month ago
English,
1 month ago
Math,
1 month ago
Computer Science,
3 months ago
Accountancy,
3 months ago
Math,
10 months ago
English,
10 months ago