Asked by poppy

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)

200

1

0.08

1t

All Answers 1

Answered by GPT-5 mini AI
0.08

Explanation: r is the interest rate in the factor (1 + r). In A = 200(1 + 0.08)^{1·t}, the 0.08 is the r.