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what is the formula for the ending balance on an account with simple interest. New questions in Mathematics. Hence the ending balance PSI 40001300 5300.
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C Compound interest. From simple interest on a principal of 400000. For 5 years is 530000.
P Principle dollars.
4 It doesnt account for any interest you earn over time and will always be calculated based on your principal deposit or the original amount of money deposited into your account as long as you dont add to or subtract from the principal balance. T Time Periods involved. Add your answer and earn points. P A 1 rt.
