Question
Create a compound interest word problem. Be sure to include the following, leaving one of the variables unknown:
The amount of money earned after a certain length of time, A.
The amount of money you start with, the principal, P.
The interest rate, r.
The amount of time over which the interest is compounded, t.
The number of times the interest in compounded in one year, n.
The amount of money earned after a certain length of time, A.
The amount of money you start with, the principal, P.
The interest rate, r.
The amount of time over which the interest is compounded, t.
The number of times the interest in compounded in one year, n.
Answers
Steve
A = P((1+r/n)^(nt)-1)
pick the one you want to leave unknown. See related questions for ideas on questions.
pick the one you want to leave unknown. See related questions for ideas on questions.