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Please someone help me out in the next 30mins with this problem!
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1 vote
Please someone help me out in the next 30mins with this problem!

Please someone help me out in the next 30mins with this problem!-example-1
User Johannes Wachter
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2 Answers

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The answer should be A as it best satisfies the equation of compound interest

; where A is the value of account,P is principle , r is rate, n is frequency of interest payments per year and t is time.
User Ebbishop
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2 votes
Choice-'A' is the one that describes compound interest.

'A' is the value of the account after some time.

'P' is the 'principle' ... the amount you originally put in, before any interest.

'r' is the interest rate

'n' is the number of times per year that interest is paid

't' is the number of interest payments that have happened
since you first put the money in the bank.
User Mirco
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6.9k points
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