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Michael Mlacha
[
A = P\left(1 + \frac{r}{n}
ight)^{nt}
]
Ambapo:
* **A** = Sentence of the day (also in short order)
* **P** = Crown of the moon
* **r** = Interest rate (in decimal, approximately 10% = 0.1
* **n** = But the number of years will be increased
* Every year =
* Half a year =
* Robo year =
* Kila moon =
* **t** = Muda (for years)
---
### Let's catch up 👇
We have raised **TZS 1,000,000** from the bank
For interest of **10% per annum**
For **2 years**
Riba huongezeka **Every year**
Sources:
* P = 1,000,000
* r = 0.10
* n =
* t =
[
A = 1,000,000(1 + 0.1^2
]
[
A = 1,000,000(1.1^2
]
[
A = 1,000,000(1.21)
]
[
A = 1,210.0
]
You will be counted **1,210,000**
Redemption interest is **210,000**
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