What does 'P' stand for in the compound interest formula A=P(1+r)^t?
Compound Interest

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•
Mathematics
•
8th - 10th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
The principal amount (original amount)
2.
FLASHCARD QUESTION
Front
What do you do after finding 'A' using the formula A=P(1+r)^t to find the amount of interest earned?
Back
Subtract P (original amount) from A (total amount)
3.
FLASHCARD QUESTION
Front
Calculate the total amount in an account after 8 years if $360 is invested at an interest rate of 5.5% compounded annually.
Back
$552.49
4.
FLASHCARD QUESTION
Front
How much will Henry have in his college savings account after 5 years if he deposits $750 at an 8.5% interest rate compounded annually?
Back
$1127.74
5.
FLASHCARD QUESTION
Front
What is the total amount Jacob owes after borrowing $500 for 5 years at a 2.5% interest rate compounded annually?
Back
$565.70
6.
FLASHCARD QUESTION
Front
Define compound interest.
Back
Interest calculated on the initial principal and also on the accumulated interest from previous periods.
7.
FLASHCARD QUESTION
Front
What is the formula for calculating compound interest?
Back
A = P(1 + r)^t
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