Best Math Formula website. Search anything about Math Formula in this website.
how to solve simple and compound interest problems. Write down the formulaI prt Step 2. The bank gives you a 6 interest rate and compounds the interest each month.
Practice Applying Compound Interest Formulas With These Word Problems Word Problems Word Problem Worksheets Simple Word Problems from www.pinterest.com
As the annual Interest is to be calculated the time period T 1. A 2000 1 003 2 212180. Mathbf P 1 frac r nn P 1 nr.
Scroll down the page for more examples and solutions.
So the interest earned is 240. I 2000 2 6 100. I Prt where. It will take approximately 79 years for the account to go from 5000 to 8000.
