# Interest Equation

the timeline shows the single deposit of as the present value and occurring at time period time period is the present time and it is also the

interest equation

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where si is the simple interest p is the money deposited per month n is the number of months for which the money has been deposited and r is the simple

the timeline shows the single deposit of as the present value and occurring at time period time period is the present time and it is also the

interest equation

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answers

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the interest accrued in the first year and in the second year does not earn interest the interest due each year is calculated only on the

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interest equation

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