Mathematics for IGCSE & O level - Percentages (Section 5 - No. 45)
What does the value of 'n' refer to in the formula A = P(1 + r/100)^n?
The principal
The percentage rate of interest
The time period (usually in years)
The final amount
Εξήγηση
The 'n' refers to the time period the money is invested for, generally in years.