Donnelly Powell
10/03/2024 · High School
Consider the compound interest formula \( \mathrm{A}=\mathrm{P}\left(1+\frac{\mathrm{r}}{\mathrm{n}}\right)^{\mathrm{nt}} \). This formula gives the balance, \( \nabla \), in an account with principal \( \square \mathrm{V} \) and annual interest rate \( \nabla \), in decimal fonn
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The compound interest formula is \( A = P \left(1 + \frac{r}{n}\right)^{nt} \), where \( A \) is the balance, \( P \) is the principal, \( r \) is the annual interest rate, \( n \) is the compounding frequency, and \( t \) is the time in years.
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