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Question

For the following exercise,

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

Solve the compound interest formula for the principal, PP.

Solution

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Answered 2 years ago
Answered 2 years ago
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Given the compound interest formula,

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

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