Maci is saving money to go to Disney world for spring break. She has saved $570 so far. She works at Walmart and makes $9.20 per
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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.