ZekT249792 ZekT249792

31-10-2022
Mathematics

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What does the P represent in the formula's for simple and compound interest?A The initial amount of the loanB The interest rate as a decimalC The length of the loan in years

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DavielJ227062 DavielJ227062

31-10-2022

Given the formula for simple interest:

[tex]I=P\ast R\ast T[/tex]

Given the formula for compound interest:

[tex]undefined[/tex]

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