I'm trying to understand how to calculate compound interest for mortgages, but I can't use the formula because I don't know what the symbol means. Can someone please help me understand? Thanks.
2007-08-10 03:43:52 · 6 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
^ is called caret. It may mean "raised to the power of"
x^2 means x squared or x multiplied by x
2007-08-10 03:48:01 · answer #1 · answered by Dr D 7 · 0⤊ 1⤋
You mean this ^? That is an exponent symbol. There are no superscripts in many programs, so that is used as a substitute. 2^2 should be read as two squared, and 27^-1/3 is 1/3.
2007-08-10 03:52:03 · answer #2 · answered by Edgar Greenberg 5 · 0⤊ 0⤋
Traditionaly, X squared is written as X with a little 2 in the upper right. The advent of the computer age required that a way be found to instruct computers to perform exponents. ^ is the most common.
2007-08-10 03:54:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means " to the power of. "
Examples
3² = 3^2 = 9
5³ = 5^3 = 125
â9 = 9^(½) = 3
2007-08-10 03:58:22 · answer #4 · answered by Como 7 · 1⤊ 0⤋
It means that the number before it is the base of an exponential number and the number after it is the power or exponent.
2007-08-10 03:51:15 · answer #5 · answered by thecrazycomputernerd 1 · 0⤊ 0⤋
Small ^ = symbol for exponents, i.e. x^2 = x squared.
Big ⧠in Boolean Algebra is the And sign, i.e. Pâ§Q.
2007-08-10 04:03:30 · answer #6 · answered by ? 5 · 1⤊ 1⤋