Question

fill in each blank so that the resulting statement is true. the formula a = p(1 + r/n)^nt gives the amount of money, a, in an account after _ years at rate _ subject to compound interest paid _ times per year. the formula a = p(1 + r/n)^nt gives the amount of money, a, in an account after _ years at rate _ subject to compound interest paid _ times per year.

Explanation:

Step1: Recall compound - interest formula

The compound - interest formula $A = P(1+\frac{r}{n})^{nt}$ gives the amount of money $A$ in an account after $t$ years at an annual interest rate $r$ (in decimal form), compounded $n$ times per year, where $P$ is the principal amount.

Answer:

The formula $A = P(1+\frac{r}{n})^{nt}$ gives the amount of money $A$ in an account after $t$ years at rate $r$ (annual interest rate in decimal) subject to compound interest paid $n$ times per year.