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OpenStudy (anonymous):
What is the equation to find a Compounded quarterly rate?
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OpenStudy (anonymous):
wht is the formula for per annum ?
OpenStudy (anonymous):
I know one of them is A=Pe^rt
OpenStudy (anonymous):
or, A = P (1+r)^t
OpenStudy (anonymous):
now quaterly payment will be their right so in one year how many number of times?
OpenStudy (turingtest):
\[A=P(1+{r \over n})^{nt}\] where P = principal amount (the initial amount you borrow or deposit) r = annual rate of interest (as a decimal) t = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. n = number of times the interest is compounded per year so for you n=4
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OpenStudy (anonymous):
^ That's the equation I'm looking for thank you sir, or Ma'am
OpenStudy (anonymous):
by d way i m sir only
OpenStudy (turingtest):
Sir, and you're welcome
OpenStudy (anonymous):
see things are simple u just have to chage ur point of view
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