AFA.PAR.4.6
Derive the compound interest formula, A = P(1 + r/t), by using patterns and inductive reasoning, then compute compound interest with and without the formula.
Example Problems
I have a cockroach problem in my living room.
Don't ask how, but I counted 64 cockroaches today, and they are growing at a rate of 25% every day.
How many cockroaches will I have after three days?
Don't ask how, but I counted 64 cockroaches today, and they are growing at a rate of 25% every day.
How many cockroaches will I have after three days?

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