Interest (Compound and Simple) Flashcards
1
Q
Simple Interest formula
A
I = prt
2
Q
Compound Interest formula
A
A = p (1+r) t
*t is an exponent
3
Q
Total value formula
A
p + I = A
4
Q
Assets
A
things that help your net worth
5
Q
Liabilities
A
things that hurt your net worth