Mathematics
Grade10
Easy

Question

An application of the exponential growth is ____________.

  1. Finding the simple interest
  2. Calculate the selling price of the article
  3. Find the cost price of the article
  4. Calculate the compound interest

The correct answer is: Calculate the compound interest


    We can calculate the compound interest using an exponential growth function.

    formula for compound interest is
    A=P(1+r/100)n
    A=amount
    p=principal
    r=rate of interest
    n=number of years

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