3 Questions
What is the formula for calculating compound interest?
A = P(1 + r/n)^nt
How does compound interest differ from simple interest?
Compound interest includes interest on interest
What does 'n' represent in the compound interest formula?
Number of times interest is compounded per year
Test your knowledge of compound interest with this quiz! Learn about the formula for calculating compound interest and the significance of 'n' in the equation. Understand the differences between compound interest and simple interest.
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