What is the formula for compound interest?
Ch 3.1 -3.2 Graded Flashcard (PC)

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•
Mathematics
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
A = P(1 + r/n)^(nt), where A is the amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.
2.
FLASHCARD QUESTION
Front
What does it mean for interest to be compounded daily?
Back
It means that the interest is calculated and added to the principal every day, resulting in interest being earned on previously accumulated interest.
3.
FLASHCARD QUESTION
Front
Convert logyx = r into exponential form.
Back
yr = x.
4.
FLASHCARD QUESTION
Front
What is the value of log(-1)?
Back
Does not exist.
5.
FLASHCARD QUESTION
Front
Solve for x: 2x+6 = 25.
Back
x = -1.
6.
FLASHCARD QUESTION
Front
Solve for n: 23n = 4.
Back
n = 2/3.
7.
FLASHCARD QUESTION
Front
What is the base of a logarithm?
Back
The base of a logarithm is the number that is raised to a power to obtain a certain value.
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