automatically A formula for compound interest is shown below

Last updated: 4/14/2023

automatically A formula for compound interest is shown below where A is the value of an account with a one time principal P growing at an annual interest rate r for t years with n compound periods per year A P 1 n ynt How many years will it take a 5 000 deposit into a savings account to grow to 7 500 with an interest rate of 2 5 compounded quarterly