How do i work out compound interest?

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asked Aug 11, 2022 110k views

1 Answer

JBilbo · Answer 1 · 2022-08-15T05:30:44+0000

Answer:

The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.

How do i work out compound interest?

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