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10 questions from this quiz
The principal (original amount)
Arithmetic progression
P(1+Rn)P(1 + Rn)P(1+Rn)
An=P(1+R)nA_n = P(1 + R)^nAn=P(1+R)n
Geometric progression
An=P(1−R)nA_n = P(1 - R)^nAn=P(1−R)n
(1+R)(1 + R)(1+R) vs (1−R)(1 - R)(1−R)
Divide by 100
Per annum (per year)
R=0.02R = 0.02R=0.02
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