A = the amount of money accumulated after n years, including interest
P = the principal amount (the initial deposit)
r = the annual interest rate (expressed as a decimal)
n = the number of times interest is compounded per year
t = the time in years
Compound interest is an example of exponential growth. A=P(1+r/n)^nt
A = the ______
P = the _________ (the initial deposit)
r = the annual _______ rate (expressed as a _______)
n = the number of ______ interest is compounded per year
t = the time in _______
1 answer