CCSS TP Algebra I 1.1.2 Example 3
- Author:
- Walch Education
- Topic:
- Algebra
Money deposited in a bank account earns interest on the initial amount deposited as well as any interest earned as time passes. This compound interest can be described by the expression , where represents the initial amount deposited, represents the interest rate, and represents the number of years that pass. How does a change in each variable affect the value of the expression?