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compound interest rate formula algebra. Lets solve a few compound interest problems. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015.
This Foldable For Compound Interest Helps Students Remember The Formula I Love Having Good References I Math Interactive Notebook Math Notebooks Teaching Math from www.pinterest.com
Regarding the variables n refers to the number of compoundings in any one year not to the total number of compoundings over the life of the investment. We can calculate the compound interest using the compound interest formula which is an exponential function of the variables time t principal P APR r and number of compounding periods in a year n. The principal is the amount of money you deposit that you expect will grow over time.
The principal is the amount of money you deposit that you expect will grow over time.
One very important exponential equation is the compound -interest formula. Learn the Compound Interest Formula in this free math video by Marios Math Tutoring005 Formula for Calculating Compound Interest038 Example 1 5000 at 8. Interest rate over the same period of time. This algebra precalculus video tutorial explains how to use the compound interest formula to solve investment word problems.
