How to find rate in compound interest using formulaa

Question

How to find rate in compound interest using formulaa

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Maria 2 weeks 2021-09-06T05:51:28+00:00 2 Answers 0 views 0

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    0
    2021-09-06T05:52:55+00:00

    Step-by-step explanation:

    Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt

    Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt

    Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt – 1]

    Calculate rate of interest in percent. R = r * 100.

    Calculate time, solve for t.

    I HOPE IT IS HELPFUL TO YOU

    0
    2021-09-06T05:53:22+00:00

    Answer:

    Compound Interest Formulas and Calculations:

    1.Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt

    2.Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt

    3.Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt – 1]

    4.Calculate rate of interest in percent. R = r * 100.

    5.Calculate time, solve for t.

    Step-by-step explanation:

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