Math. Simplify.
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Dec
16
Explanations for the parts of the Quadratic Function, whether its for orientation, narrowness, etc.
Vertex Explanation: also explains the vertex of the quadratic function, and how to get the vertex.
Formula for calculating compound interest
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Where,
- A = final amount
- P = principal amount (initial investment)
- r = annual nominal interest rate (as a decimal)
- n = number of times the interest is compounded per year
- t = number of years
_________
Example usage: An amount of $1500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. Find the balance after 6 years.
A. Using the formula above, with P = 1500, r = 4.3/100 = 0.043, n = 4, and t = 6:
So, the balance after 6 years is approximately $1,938.op.
Dec
14
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