10.3 Compound Interest

10.3 Compound Interest What SIMPLE INTEREST looks like: I have $500. I put it in an account earning 8% annual interest. After 10 years it is worth: F =500(1 + .08(10)) 𝑭=𝑷(𝟏+𝒓𝒕) F = 900 $900.00 What COMPOUND INTEREST looks like: I have $500. I put it in an … ................
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