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3 years ago

What is the equation for continuous growth or compound interest

Mathematics

1 answer:

Diano4ka-milaya [45]3 years ago

4 0

Answer: A = P(1 + \frac{r}{n})^{nt}

Step-by-step explanation: A = P(1 + \frac{r}{n})^{nt}

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

From the web

The compound interest formula is ((P*(1+i)^n) - P), where P is the principal, i is the annual interest rate, and n is the number of periods.

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