ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A = P(1+r/n) nt is the
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Slope-Intercept Equation
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Compound Interest Formula
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Simple Interest Formula
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Exponential Decay Formula
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Explanation:
Detailed explanation-1: -Use the compound interest formula A = P(1 + r/n) nt, where P is the amount deposited, A is the value of the money after t years, r is the annual interest rate as a decimal, and n is the number of compounding periods per year.
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