This is the formula you use for someone investing in money. The formula is actually supposed to be: <em>A</em>=P(1+
)
.
A is the total amount, P is the principal amount (the initial; original), r is percent (%) rate in decimal form, n is frequency, and t is the amount of years.
A is the total amount, P is the principal amount (the initial; original), r is percent (%) rate in decimal form, n is frequency, and t is the amount of years.