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What is the formula of (vat) value added tax,simple interest,compound interest |
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Answer» <P>Simple interest: A = P (1 + rt) A = final amount P = initial principal balance t = time (in years Compound Interest: A = P(1 + {r}/{n})^{NT} A = final amount P = initial principal balance r = interest rate n = number of times interest applied PER time period t = number of time periods elapsed |
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