The interest value I of a principal P, after n number of years for an interest rate i and a future value F is given as:
Question
Solution 1
It seems like you've started to describe a formula but didn't finish. However, based on what you've provided, it sounds like you're referring to the formula for compound interest. The formula for compound interest is:
F = P(1 + i)^n
Where:
- F is the future value of the investment/loan, including Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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