No, this isn’t a political post, as this isn’t a world affairs blog. It’s just a mnemonic device to memorize the compound interest formula. One of my friends told me this is how he remembered it for the GMAT. You can just memorize this one, as replacing “1” for the “n” value (number of periods) will give you the simple interest formula. The “I” in Iran stands for the number 1.
Americans Protest Iran Nuclear Testing
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Do you have another mnemoic device for this formula? (Maybe one less political?)
Well you’ve given us a great mnemonic! but how do we remember that this mnemonic is for COMPOUND INTEREST?
Americans Protest Iran Nuclear Testing
–> Because the cost is too much & compounds over the years
Just added that 🙂 Thanks for the awesome mnemonic!!