How do Accountants use Algebra?

Answer 1

One way is they use algebra to calculate compound interest.

Amount = Principal * (1+i)^n

where i is the interest rate and n is the number of years.

Another way is they use this formula to create balance sheets.

Assets = Liabilities + Owner's Equity

The last way I'll mention is how they calculate how much you owe them:

Fee = (number of hours worked) X (cost / hour)
.