~Adapted from Walch Education PSSST… Be sure to review the presentation titled; CREATING EXPONENTIAL EQUATIONS (It’s important)

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Presentation transcript:

~Adapted from Walch Education

PSSST… Be sure to review the presentation titled; CREATING EXPONENTIAL EQUATIONS (It’s important)

Introducing the Compound Interest Formula: The general form of the compounding interest formula is where A is the initial value, r is the interest rate, n is the number of times the investment is compounded in a year, and t is the number of years the investment is left in the account to grow.

A Chart [for reference]

Order of Operations Apply the order of operations divide r by n, then add 1 raise that value to the power of the product of nt multiply that value by the principal, P

Don’t Forget to Change the percentage rate into a decimal by dividing the percentage by 100.

~Dr. Dambreville