Answer :
Answer:
A(t) = P(1+r)^t
Step-by-step explanation:
A(t): amount after
P: initial value
t: time
r: growth as a decimal
This example shows compounding the growth once per year
Answer:
A(t) = P(1+r)^t
Step-by-step explanation:
A(t): amount after
P: initial value
t: time
r: growth as a decimal
This example shows compounding the growth once per year