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It makes more money.

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the formula

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What does the +1 in the formula mean?

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A=P(1+r)^t
I=(P(1+r)^t)-P

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The formula is a=p(1+r)^t

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i know the formula for compound interest and I know how to find it.

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Why do I need this???

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The formula is P(1+r) to the power of t

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1. The formula for Simple interest is I= prt
2. The formula for Compound interest is A= p(1+r)t

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compoud makes more money then simple

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The formula is A=p(1+r)^t is also makes more money over time compared to simple Interest.

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Compound interest keeps building up from what it was before.

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I know the formula

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how will this help me

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compound interst is interest upon interest.

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compound interst is interest upon interest.

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it has the formula A=P(1+r)^t

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How I will use this in the future.

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I know that the compound  interest equation is A= p(1+r)^t

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I know that the compound  interest equation is A= p(1+r)^t

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When is it better

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there is nothing

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I know the formulas for compound interest
which is a=p(1+r)^t

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how will i use this  and how does it help me

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how will i use this  and how does it help me

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nothing.

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Does compound interest usually have a lower rate than simple interest?

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Does compound interest usually have a lower rate than simple interest?

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Why should I do compound and not simple interest and how it will benefit me?

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Why cant I just see if its compound interest and assume its more?

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Its a longer "equation"

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I want to know If there is a way to do this faster?

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What would be the difference in solving for compound interest than simple interest.

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So when tax laws change do the types o intrests change?

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The importance of compound interest, how will this benefit me

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The importance of compound interest, how will this benefit me

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You will use this when calculating finances like investments, and savings.
also with calculating car payments like what our project is about

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A= p(1+r) to the power of time

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So when calculating the price of college do you have to multiply the compound intrest formula by the number of years in year college to find the cost of college?

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Tax laws and interest-  when tax laws change do the type of interest change

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Tax laws and interest-  when tax laws change do the type of interest change

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lower tax rate equals lower interest rate.