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What is the formula for calculating the compound interest rate?
in Mathematics by Wooden (4,850 points)
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1 Answer

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Best answer
The formula is given by:

A = P( 1 + i/m )^(nm)

where,

A = accumulated amount at the end of investment period

P = principal or starting amount

i = rate

m = compound basis ( quarterly or monthly etc...)

n = investment period
by Diamond (42,434 points)

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