Mathematics
Grade10
Easy

Question

The formula for calculating compound interest is _________.

  1. A = P +rn
  2. straight A equals straight P open parentheses 1 plus straight r over straight n close parentheses
  3. A = (1 + r)t
  4. straight A equals straight P open parentheses 1 space plus space straight r over straight n close parentheses to the power of nt

The correct answer is: straight A equals straight P open parentheses 1 space plus space straight r over straight n close parentheses to the power of nt


    The formula for calculating the compound interest is straight A equals straight P open parentheses 1 plus straight r over straight n close parentheses to the power of nt.

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