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Asked by Sue

What formula do you use when dealing with money and interest rates over time? Thanks
17 years ago

Answers

Answered by Reiny
Two main kind of formulas
1. Simple interest formulas
2. Compound interest formulas

I = PRT is the most common simple interest formula

the most common compound interest formula is
Amount = Principal(1 + i)^n


YOu have to be much more specific with the kind of formula you have in mind.
17 years ago

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