Which of the following equations shows how much X dollars will be worth if invested at an annual interest rate i for t years, if interest is compounded annually? A)(1 + i)tX B)X/(1 + i)t C)(1 + X)i^t D)(X + i)t

Question

Quizplus · Accepted Answer

The formula for compound interest is X(1 + i)^t, where X is the principal amount, i is the annual interest rate, and t is the number of years.

Which of the Following Equations Shows How Much X Dollars