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Which formula represents the compound interest "A" for a principal amount "P" at an annual interest rate "r" compounded annually for "n" years?a)A = P(1 + r/n)^nb)A = P(1 + r)^nc)A = P + Pnrd)A = PnrCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which formula represents the compound interest "A" for a principal amount "P" at an annual interest rate "r" compounded annually for "n" years?a)A = P(1 + r/n)^nb)A = P(1 + r)^nc)A = P + Pnrd)A = PnrCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which formula represents the compound interest "A" for a principal amount "P" at an annual interest rate "r" compounded annually for "n" years?a)A = P(1 + r/n)^nb)A = P(1 + r)^nc)A = P + Pnrd)A = PnrCorrect answer is option 'A'. Can you explain this answer?.

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