PLSS HELP
The formula a=p(1+r/n)^nt can be used to find an account balance A, with initial deposit P, that earns an annual percentage interest rate r that is compounded n times a year for t years. which is a factor of A?

A. R

B. N

C. T

D. P

Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest

Solving:

As we have the formula;

a=p(1+r/n)^nt

We can easily conclude that

N is a factor of A.

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PLSS HELP The formula a=p(1+r/n)^nt can be used to find an account balance A, with initial deposit P, that earns an annual percentage interest rate r that is compounded n times a year for t years. which is a factor of A? A. RB. NC. TD. P

Respuesta :

What is the compound interest?

Solving:

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PLSS HELP
The formula a=p(1+r/n)^nt can be used to find an account balance A, with initial deposit P, that earns an annual percentage interest rate r that is compounded n times a year for t years. which is a factor of A?

A. R

B. N

C. T

D. P