Asked by Tahir
A bank account balance for an account with an initial deposit of P dollars earns interest at an annual rate of r. the amount of money in the account after n years is described using the following expression: P(1+r)^n. What effect, if any, does decreasing the value of r have on the amount of money after n years?
Answers
Answered by
Steve
1+r is less, so ...
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.