question 4 math problem

Question

A= P(1+i)ⁿ where A is the final amount of the investment, P is the initial amount invested, i is the interest rate written as a decimal, divided by the compounding periods per year, n is the total number of compounding periods.

Answer 1

A=P(1+r/n)^nt is the formula

t= number of years

n = number of compounding periods per year

r=APR

or

A=Pe^rt for continuous compounding