document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=238983>Question 238983</A>: <I><SPAN STYLE=\"word-break: break-all;\"> In the equation P=C(1+r/n)^nt for compounding interest what does the ^ stand for and how would you calculate it if:<BR>\n" );
document.write( "C= 3150<BR>\n" );
document.write( "r=2<BR>\n" );
document.write( "n=365<BR>\n" );
document.write( "t=1\r<BR>\n" );
document.write( "\n" );
document.write( "  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #175566 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=175566\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=C(1+r/n)^nt for compounding interest what does the ^ stand for and how would you calculate it if:<BR>\n" );
document.write( "C= 3150<BR>\n" );
document.write( "r=2<BR>\n" );
document.write( "n=365<BR>\n" );
document.write( "t=1 <BR>\n" );
document.write( ".<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=C%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"P=C%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Plugging in our given values:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=3150%281%2B.02%2F365%29%5E%28365%2A1%29 ALIGN=MIDDLE  ALT=\"P=3150%281%2B.02%2F365%29%5E%28365%2A1%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=3150%281%2B.000054795%29%5E365 ALIGN=MIDDLE  ALT=\"P=3150%281%2B.000054795%29%5E365\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=3150%281.000054795%29%5E365 ALIGN=MIDDLE  ALT=\"P=3150%281.000054795%29%5E365\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=3150%281.0202%29 ALIGN=MIDDLE  ALT=\"P=3150%281.0202%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=3213.63 ALIGN=MIDDLE  ALT=\"P=3213.63\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( ".<BR>\n" );
document.write( "That's $3213.63 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );