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The Formula for Compound Interest Is Where a Is

Question 410

Multiple Choice

The formula for compound interest is The formula for compound interest is where A is the amount accumulated from a principal of P dollars left untouched for n years with an annual interest rate r (expressed as a decimal) . Use this formula and a calculator to find A to the nearest cent. </sup> -P = $50, r = 0.10, n = 3 A) $166.55 B) $66.55 C) $165.00 D) $166,375.00 where A is the amount accumulated from a principal of P dollars left untouched for n years with an annual interest rate r (expressed as a decimal) . Use this formula and a calculator to find A to the nearest cent.
-P = $50, r = 0.10, n = 3


A) $166.55
B) $66.55
C) $165.00
D) $166,375.00

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