elpancho elpancho
  • 16-02-2017
  • Mathematics
contestada

What is the equation for compound interest

Respuesta :

Аноним Аноним
  • 16-02-2017
A = P(1 + r)^n

where A is the amount after n years, P = principal( initial amount), r = annual rate as a decimal fraction and n = number of years 

If interest is accumulated say monthly then it would be

A = P(1 + r/12)^12n

For quarterly replace the 12 by 4

Answer Link

Otras preguntas

3 ( 4d + 1 ) - 9d = 6 - 2d
Your model locomotive is 18 inches long. It is an exact model of a locomotive that is 72 feet long. A window on the locomotive is how many times wider than a wi
what are three ways water erodes the surface of earth
on sara's computer, 3/8 of the hard drive is files. Of the files, 1/6 are games . What part of the hard drive is games?
A light plane flew from its home base to an airport 255 miles away. With a head wind, the trip took 1.7 hours. The return trip with a tail wind took 1.5 h
10u + 7 = 8 ( 2u - 4 ) - 9
What's breed of given cat???Check attachment
2 ( 4a - 12 ) + 3a = 6a + 1
10u + 7 = 8 ( 2u - 4 ) - 9
what type of rock is the Haystack rock (igneous, Metamorphic, or Sedimentary)