Answer:
the formula is:
A = p(1+i)Ν
βAβ is the maturity value or amount.
βpβ is the principal or initial value invested.
βiβ is the annual interest rate.
βtβ is the time in years.
This formula assumes interest is compounded once each year. If interest is compounded monthly you need to replace βiβ with i/12β³ and also replace βtβ with β12tβ.
As long as you know p; i; and t you can find A by simply plugging in the numbers and solving for A
Step-by-step explanation:
