For example, we have coins and function: (that is,+10% per year).
To calculate the function for coins after 10, 20, 30 and 60 years (simple interest) we will use the following formula:
where Y is a period of time (10, 20, 30 and 60).
To calculate the function for coins after 10, 20, 30 and 60 years (compound interest) we will use the following formula:
where Y is a period of time (10, 20, 30 and 60).
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