Question

Drag the tiles to the correct location on the table.
Match each term to the part of the compound interest formula it represents.

interest rate
the number of years
interest is computed
initial deposit
the number of times
in a year interest is
compounded
total balance
in the account

Answer 1

To match each term to the part of the compound interest formula, here's how they align:

1. **Interest Rate** - This represents the rate at which the interest is calculated.
2. **The Number of Years** - This corresponds to the duration for which the investment is held.
3. **Interest is Computed** - This refers to how frequently the interest is calculated (usually annually, semi-annually, quarterly, etc.).
4. **Initial Deposit** - This is the principal amount or the starting amount of money invested.
5. **The Number of Times Interest is Compounded in a Year** - This states how many times per year interest is added to the principal.
6. **Total Balance in the Account** - This is the final amount after interest has been compounded.

If you need visualization or specific placement, please provide a format or layout of the table you'd like these to be placed in.