Question about charatcer in formula

J

Jay Hanks

A co worker is taking an Economics class and has an Excel formula tha
calculates raising interest rates. The formula provided is (1+r)^t
is represntative of column A. She is unsure what ^ is suppsed to mea
or do concerning this formula? Any thoughts and answers are greatl
appreciated. Thanks Ja
 
M

Max

The ^ (caret) is an arithmetic operator which
stands for "Exponentiation" (to the power of)
Example: 3^2 is the same as 3*3
 
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