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compound interest formula

compound interest formula

Compound Interest Formula compound interest formula Compound interest is taken from the initial – or principal distance formula Step 1: After the first year, the interest in Abena's CD is computed using the interest formula I = P × r × t I = P × r × t The principal is P

formula 1688 สล็อต The simple interest formula is linear: I = P r n I=Prn I=Prn while the compound interest formula is non-linear: A = P n A=P^{n} A=Pn in

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