Chapter 8 - Section 8.1 - The Square Root Property and Completing the Square - Exercise Set - Page 595: 96

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 $t$. $A = P(1 + r)^t$

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 $t$. $A = P(1 + r)^t$