Asked by Sue
What formula do you use when dealing with money and interest rates over time? Thanks
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.
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.
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