Sumali sa IDNStudy.com at tuklasin ang komunidad ng pagbabahagi ng kaalaman. Tuklasin ang mga maaasahang impormasyon sa anumang paksa sa pamamagitan ng aming network ng bihasang mga propesyonal.

b. Calculate the amount to which the second P23,000 will grow using the compound interest formula F = P(1+1) F = 23,000(1+0.0075)​

Sagot :

Answer:

The mathematical formula for calculating compound interest, A=P(1+r/n)^nt, uses four simple numbers to allow you to see how much money plus interest you'll have after the number of time periods, or compound periods. 'A' represents the accrued amount of your principal plus interest, which is the total.

  1. Tap on a clip to paste it in the text box.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Use the edit icon to pin, add or delete clips.