How do I find the value of \( n \) in the equation
\[ A = P \left(1 + \frac{r}{n}\right)^{nt} \]
Answer (2)
This is the formula for compounded interest. P is the principal investment, r is the rate (6%=0.06) n is the number of times compounded per year (n=12 is monthly, n=2 is twice per year) T is the number of years past And A is the amount of money after t years with a rate r compounded n times per year staring at P amount Final answer: n is the number of times per year the interest is compounded. Hope I helped, and sorry it took this long for you to get an answer.
To find n in the equation A = P ( 1 + n r ) n t , first understand the variables involved. Rearranging the formula allows you to isolate n , but solving for it may require numerical methods. An example with specific values can help illustrate the process of finding n .
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