I can't remember the equation for the interest rate.
In all the videos I've watched they had something labeled "rs" what's that?
3 answers
I forgot to add in the problems they give me the: I, P, And the T. that I know means time. I don't know the other 2.
ever hear of google?
To get the balance in the account after t years,
simple interest: A = P(1+rt)
compound interest: A = P(1 + r/n)^(nt)
The n here is the number of times per year the interest is compounded.
To get the balance in the account after t years,
simple interest: A = P(1+rt)
compound interest: A = P(1 + r/n)^(nt)
The n here is the number of times per year the interest is compounded.
Thankyou!
2 answers