12-01-2021
Mathematics

contestada

how do i work out compound interest?

Respuesta :

majazkhan26 majazkhan26

12-01-2021

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.

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