Mathematics, 04.11.2020 04:00 isabellatagaban

If the interest is compounded yearly, then n = 1 and the interest rate, r, represents the annual interest. When the interest is compounded monthly, then n = 12 but r is still the annual interest.
a. If you were given the equation, how often is the interest compounded?

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If the interest is compounded yearly, then n = 1 and the interest rate, r, represents the annual interest. When the interest is compounded monthly, then n = 12 but r is still the annual interest. a. If you were given the equation, how often is the interest compounded?

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Another question on Mathematics

If the interest is compounded yearly, then n = 1 and the interest rate, r, represents the annual interest. When the interest is compounded monthly, then n = 12 but r is still the annual interest.
a. If you were given the equation, how often is the interest compounded?