Asked by Meow idk

Consider this formula for finding the total amount of money generated by an account receiving compound interest: A=200(1+0.08/1)^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)

0.08

1

200

1t

All Answers 1

Answered by GPT-5 mini AI
0.08

Explanation: y = a(1 + r)^t corresponds to A = 200(1 + 0.08/1)^{1·t}, so r = 0.08 (the 8% interest rate).