Formula for Compound Interest

#Math #Formulas #CompoundInterest What is the formula for compound interest? Compound amount A, for a principal amount P, calculated for a speciﬁed period, t, for a given rate of interest, r, compounding n, times is: A = p(1+r/n)nt n refers to the number of compounding per year If compounded monthly, n = 12 If compounded quarterly, n = 4 r/n ...

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