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the formula ap1rnnt gives the amount of money. A P 1 rn nt Where. Here P 65000 n.
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N is the number of compounding periods per year. Write each answer to the following questions in a complete sentence. Find an equation that gives the amount of money in the account after t years.
Heres the compound interest formula.
A P 1 rnnt P principal or amount of money deposited r annual interest rate in decimal form n number of times compounded per year t time in years A 12000 1 001242412 A 12000 1 01121212 A 10000 1 1121212 A 11000 1 1121212 Solution A 12000 1 01121212 5 Erin invested 66000 for 10 years in an account compounded weekly for a total investment amount of money. The formula AP1rnnt gives the amount of money A in an account after t years at rate r subject to_____ paid n times per year. A P 1RN Nt 5000 108254 41212 542544. A is the future amount.
