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what the h**l do i do if the percent in the compound interest thing is already a decimal

 Nov 29, 2015
 #1
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+5

The formula for compound interest  is

 

P(1 + r/n)^(nt)      where P is the beginning principal, r is the interest rate in decimal form, n is the number of compoundings per year, and t is the time in years....

 

So.....you alreaady have the correct form for the formula..... just "plug" it in.......

 

 

 

cool cool cool

 Nov 29, 2015

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