The Formula for Finding Compound Interest Is $A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$

question 46

Short Answer

The formula for finding compound interest is $A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$ where A is the accumulated amount, P is the principal invested, r is the rate of interest, t is the time in years, and n is the number of compounds each year. Find the accumulated amount if the principal invested is $10,000, the rate is 12%, the compounds each year is 12 (monthly), and the
number of years is 6.

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Definitions:

Obedience

The act of following orders or instructions from authority figures.

Conformity

The action of adjusting one's behavior or thinking to match those of others or to adhere to societal standards.

Deindividuation

A psychological state occurring in group situations that results in a loss of self-awareness and a decrease in the sense of personal responsibility, often leading to atypical behavior.

Interpersonal Attraction

The force that draws individuals together and the reasons for forming a connection or bond, influenced by physical attractiveness, similarity, social factors, and more.