## Related questions with answers

Question

For the following exercise,

Use the compound interest formula, $A(t)=P\left(1+\frac{r}{n}\right)^{n t}$.

Solve the compound interest formula for the principal, $P$.

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 4Given the compound interest formula,

$A=P\bigg(1+\frac{r}{n}\bigg)^{nt}$

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