## anonymous one year ago A savings account compounds interest, at a rate of 15%, once a year. Elizabeth puts \$800 in the account as the principal. How can Elizabeth set up a function to track the amount of money she has?

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1. anonymous

Do you know the formula for compound interest?

2. anonymous

$F = P (1+\frac{ r }{ n })^{nt}$

3. anonymous

Oh i remember now, thank you

4. anonymous

F is your future value. r is the annual rate, n is the number of compounds per year, t is the time in years

5. anonymous

Great. Do you know how to write the equation?

6. anonymous

yes

7. anonymous

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