help plz
if interest is compounded annually how much is $1000 worth in 9 years at 9%. indicate the formula also

Question

help plz
if interest is compounded annually how much is $1000 worth in 9 years at 9%. indicate the formula also

anonymous · Answer

A(9) = 1000(1+(0.09/1))^(1*9)

anonymous · Answer

A(9) = 1000(1.09)^9
A(9) = 1000*1.9

anonymous · Answer

A(9) = $1900

anonymous · Answer

is that correct?

anonymous · Answer

why do they never explain this formula?

anonymous · Answer

A(t) = P(1+(r/n))^(nt) is the formula

anonymous · Answer

now there we go! not bad!

so: A=P (!+ r/100)^t correct @aballer101 ?

anonymous · Answer

thnks!

anonymous · Answer

all I want to do is to let them understand, I know you know it @aballer101

anonymous · Answer

you have probably studied geometric sequences, from which this derives! @baller101

anonymous · Answer

you could probably write a whole tutorial on it @baller101

anonymous · Answer

but if I didnt know, what is A?

anonymous · Answer

did you explain that?

anonymous · Answer

I know it is the principal after nine years, but the student doesn't know that

anonymous · Answer

we are here to helpo, so lets help them!

anonymous · Answer

explain what you mean

anonymous · Answer

as Albert Einstein said.. Make it simple but no simpler!

anonymous · Answer

n oww I want something more complex, mad, huh?

anonymous · Answer

jesus christ this seems like a lecture!OMG, my apologies

anonymous · Answer

Mr.Hyde has taken over!