Simple Interest
Tags: #EconomicsEquation
$$I=Prt \\ A=P(1+rt)$$Latex Code
I=Prt \\ A=P(1+rt)
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Introduction
Equation
Latex Code
I=Prt \\ A=P(1+rt)
Explanation
Latex code for the Simple Interest. I will briefly introduce the notations in this formulation.
- : Interest Earned
- : Principal/Present Value
- : Annual Rate
- : Time (years)
- : Future Value/Maturity Value
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