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What is the formula for compound interest?

Shannon 1 answer
What is the formula to calculate compound interest, and could someone explain how to use it?
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Irsa
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Hi Shanon, Compound interest Formula is A=P(1+r/100)^n This formula is used for Growth. in this formula P is your initial amount, r is Rate and n is time. A=P(1-r/100)^n this formula is Used for Decay.
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