intrest Flashcards
(7 cards)
1
Q
formula for compound intrest
A
A=P(1+r/n)^nt
2
Q
A in A=P(1+r/n)^nt
A
A = compound amt
3
Q
P in A=P(1+r/n)^nt
A
P = original principal
4
Q
r in A=P(1+r/n)^nt
A
r = interest rate (% to decimal)
5
Q
n in A=P(1+r/n)^nt
A
n = # of compounds per year (semiannual = 2)
6
Q
t in A=P(1+r/n)^nt
A
t = time in years
7
Q
compound continuously
A
A = Pe^rt
