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15 cards from this deck
Interest on principal + accumulated interest
Original amount invested
Percentage interest rate per year
Total value after interest added
F=P(1+i)nF = P(1 + i)^nF=P(1+i)n
Principal (starting amount)
Interest rate as a decimal
Time in years
(1+i)(1 + i)(1+i)
1.041.041.04
Rate = (Interest ÷\div÷ Principal) ×\times× 100%
True annual rate when interest charged more frequently
When something loses value over time
Final value = Original value ×(1−rate)n\times (1 - \text{rate})^n×(1−rate)n
Less than 1
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