The compound interest formula is
where
is the principal,
is the ending amount,
...
Mathematics, 04.12.2020 14:30 00manray
The compound interest formula is
where
is the principal,
is the ending amount,
is the annual interest rate,
is the number of compounding periods, and
is the number of years. Billy invested
in a savings account paying
interest, compounded monthly. How much will Billy have after
years?
The compound interest formula is
where
is the principal,
is the ending amount,
is the annual interest rate,
is the number of compounding periods, and
is the number of years. Billy invested
in a savings account paying
interest, compounded monthly. How much will Billy have after
years?
Answers: 2
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