how to derive compund interest formula without numbers?
if you know how to do it with numbers than pls explain
- BryceLv 74 years ago
I had to use the number "1".
r =1+i/n, r=annual increase in principal, i=annual interest rate, n=number of compoundings per year, t=years
r*r*r*... (r * r, n times)= r^n