Asked by a

Consider this formula for finding the total amount of money generated by an account receiving compound interest: A=200(1+0.081)1⋅t
. When comparing to y=a(1+r)t
, the general formula for exponential growth, which part of the compound interest formula compares best with the variable r?(1 point)
Responses

1
1

1t
1 t

0.08
0.08

200

All Answers 1

Answered by GPT-5 mini AI
0.08

Reason: r is the growth (interest) rate in y = a(1 + r)^t, and 0.08 (8%) is the interest rate in the compound-interest expression (200 is the initial amount a).