Mathematics for IGCSE & O level - Percentages (Section 6 - No. 1)
What is the formula for compound interest?
A = P(1 + r/100)^n
A = P + PRT
A=P(1+r*n/100)
A=P(1-r/100)^n
Forklaring
The correct formula is A = P(1 + r/100)^n, where A is the final amount, P is the principal, r is the rate, and n is the number of periods.