Why are there two different Compound Interest formulas?

Channel:
Australia Magic Monk
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Published on ● Video Link: https://www.youtube.com/watch?v=dr48OuAC1HA


Duration: 9:18
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So you might have been taught a compound interest formula but when you looked up how to do it on the internet, they use a different formula. Here I show you why those formulas are exactly the same, so you can choose which ever one of them you want to use (as long as you substitute the correct values in).



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different compound interest formulas