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There is no carrot in the compound interest formula!

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Q: WHAT does the carrot in the formula for compound interest means?
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Related questions

What is meant by the term compound interest?

Compound interest means that the amount of interest earned during a period increases the principal, which is then larger for the next interest period.


Do banks offer compound interest on their savings accounts?

Yes, banks typically offer compound interest on their savings accounts, which means that interest is calculated on both the initial deposit and the accumulated interest.


Why is water the formula for a chemical compound?

Water is a chemical compound because it has 2 hydrogen atoms and 1 oxygen atom. if there is a formula for water it means water is a chemical in other words H2O


What does it mean when a compound formula does not include any numbers?

It means that you have one atom of each element in the formula


Was oxygen formed as a compound?

Yes, this is because the formula for oxygen gas is O2 which means it consist of two Oxygen (compound).


Formula for ionic compound of zinc?

Zinc carbonate is an ionic compound with the formula ZnCO3.


Is phosphorous a element mixture or compound?

A compound. H3PO4 is the formula for phosphoric acid. It is a compound of three separate elements. It is a compound, not a mixture since it cannot be separated by physical means.


What does it means when a compounds chemical formula does not include any numbers?

It means that you have one atom of each element in the formula


How do you solve interest when it is not compound?

This is called Simple Interest. The formula is A= P(1+rt) where P is the Principal, r is the Rate and t the time in years. eg $1000 at 4% over 5 years A=1000 (1+0.04*5) where * means multiply = 1000 (1.20) = $1200


What is the formula for a compound containing aluminum atoms and also three times as many chlorine atoms as there are aluminum atoms?

The formula for the compound would be AlCl3. This means that there is one aluminum atom for every three chlorine atoms in the compound.


What is neutral formula?

A neutral formula is a chemical formula that represents a compound with balanced electrical charges. This means that the overall charge of the compound is zero, as positive and negative charges are equal. It typically indicates that the compound is electrically stable and does not readily react with other substances to form ions.


What is the compound formula for phosphorus pentabromide?

The compound formula for phosphorus pentabromide is PBr5. It consists of one phosphorus atom bonded to five bromine atoms.