anonymous
  • anonymous
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Mathematics
  • Stacey Warren - Expert brainly.com
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chestercat
  • chestercat
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anonymous
  • anonymous
Geometric sequence: S = A1 ( 1 - r^n ) / ( 1 -r) applied in Compound interest formula: A = P ( 1 + r ) ^n with A as Sum accumulated, P as first element, ratio increasing exponentially!
saifoo.khan
  • saifoo.khan
what type of explanation do you want?
anonymous
  • anonymous
Compound interest is means interest is earned on the interest portion also. So you have: P + (P*r) + (P*r + P*r*r) + (P*r + P*r*r + P*r*r*r) + ...... That is a a geometric series when simplified will yield your typical formula: P(1+r)^n

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anonymous
  • anonymous
I may be off some, but the concept is right.

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