Compound Interest Formula

Question 1

Compound Interest Formula

Answer 1

P (1 + r/n)nt*

NT is exponent

Question 2

Equation “Place Holder” Meanings?

Answer 2

P = Principle
r = Interest Rate
n = Number of times per year
t = Number of years

Question 3

P =

Answer 3

Principle

Question 4

n =

Answer 4

Number of Times per Year

Question 5

t =

Answer 5

Number of Years

Question 6

r =

Answer 6

Interest Rate