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What the equation means
The Rate is Real
Equations
Double jeopardy Column
(Just for fun)
100
What is the meaning of "A" in the equation?
The amount of money accumulated.
100
What does 7% translate to into the equation for the rate?
0.07
100
If............. P=500 r=.07 t=7 n=6 How would you plug this in to the equation?
A=500(1+(.07/6))^(6)(7)
100
Who is on the $5 bill?
Abraham Lincoln
200
What does "P" mean in the equation?
The initial amount.
200
What does .001% traslate into the equation for the rate?
.00001
200
How would you plug theses into an equation.............. P=8,000 r=9% t=3 n=10 With an increase of 300% in the rate?
A=8,000(1+(.09/10))^(10)(3)
200
Who is on the $100,000 bill?
Woodrow Wilson
300
What does "r" mean in the equation?
The rate.
300
What does the 200% increase mean to the equation?
It means that you multiply your rate by 2.
300
Solve this................... A=500(1+(.05/6))^(6)(1)
525.53
300
What was the first dollar coins color?
Silver
400
What does "n" mean in the equation?
The number of times compounded.
400
If I have .0000009 how would that translate to a percentage?
00009%
400
Plug in and solve............... P=100 r=.01 n=2 t=7
1. A=100(1+(.01/2))^(2)(7) 2. 707.02
400
Havw the same president(s) been on the dollar coin for these years?
No, the president on the dollar coin was changed over the years.
500
What does "t" mean in the equation?
The time.
500
If I had 9.0 as the rate how would that translate to a percent?
900%
500
Plug in.............. P=2,000,000 r=8% (with an 500% increase) n=5 t=15
A=2,000,000(1+(.16/5))^(5)(15)
500
Was the president on the nickel also on the dollar coin at some point?
Yes