kinsleykuchar130 kinsleykuchar130

13-03-2024
Business

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When a particular amount of money P, called the principal, is invested at the interest rate r and is compounded n times a year, the amount A accumulated after t years is Determine the amount of money
a) A = P(1 + r/n) ⁿᵗ
b) A = P(1 + r) ᵗ
c) A = P(1 + r/n) ᵗ
d) A = P(1 + nt) ʳ

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