Vocab Simple and Compound Interrest

Front

Variable p in I = prt?

Back

principal

Front

Variable I in I = prt

Back

interest

Front

Variable r in A = P(1 + r/n)^{nt} represents:

Back

rate

Front

Variable n in A = P(1 + r/n)^{nt}

Back

number of times it compounds

Front

2.5% as a decimal

Back

0.025

Front

3 months = ?

Back

0.25

Front

Formula for simple interest:

Back

I = prt

Front

Decimal for 12.2%

Back

0.122

Front

30 months = ? years

Back

2.5

Front

Variable t in A = P(1 + r/n)^{nt}

Back

time in years