#### Answer

Compound interest, $A$, is computed by multiplying the principal amount, $P$ by the sum of $1$ and the annual interest rate, $r$ raised by the time of investment $t$.
$A = P(1 + r)^t$

Published by
Pearson

ISBN 10:
0-13417-894-7

ISBN 13:
978-0-13417-894-3

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