Algebra 2 - Compound Interest (Continuously)

[Tonksthebulldog]

A=P(1+r/m)my A-Annual P-Principle R- Rate of interest M-month (if interest rate compounds monthly) Y- years invested A=100(1+.009/12)^12*5 A=100(1.00075)^60 A=100(1.046) A=104.6 I used .009 because that’s the highest savings interest rate I found. and yes the math is correct currently if you save a set amount of money over 5 years you will only make 4.5% of the money in interest. Adding current rate of inflation and saving money actually losses money.

[Mike0and0Tim]

i agree..absolutely worthless...he is cute though!

[afterapplepicking]

You can't do an example or two?

[jdurnal]

Worthless