very simple question by their like that in compound interest when compounded annually what will be at the place of the n means time​

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very simple question by their like that in compound interest when compounded annually what will be at the place of the n means time​

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Arianna 1 month 2021-08-21T13:40:00+00:00 1 Answer 1 views 0

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    2021-08-21T13:41:22+00:00

    Step-by-step explanation:

    If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved. Also, “t” must be expressed in years, because interest rates are expressed that way.

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