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What is maths and for Mila to find compound interest |
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Answer» ong>ANSWER: COMPOUND interest, or 'interest on interest', is calculated with the compound interest formula. The formula for compound interest is P (1 + r/n)^(nt), where P is the INITIAL principal balance, r is the interest RATE, n is the number of times interest is COMPOUNDED per time period and t is the number of time periods. |
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