I think the question is more about the physical intepretation of the complex expression
$\psi (x,t)=Ae^{i(kx-\omega t)}$
than the mathematical meaning of it. For the physical meaning of it, we think of the probability amplitude like a rotating arrow, which rotates as the particle travels in space. The rotation frequency of the arrow is determined by the energy (frequency) of the particle (photon.) This arrow has been given the name 'phasor' because the argument $\phi =kx-\omega t$ is an angle (in wave mechanics it is called 'phase' of the wave). This phase tells us how many degrees the arrow has rotated from the moment the particle has been created until it reaches the point $x$ at time $t$ of its journey.
This complex number representation is very convenient, not only because it shows the phase of the wave but it also shows the direction (if the wave travels in 3-D.) However its importance in QM comes from the need to combine (add) waves comming from different sources at some point in space. This is not a simple algebraic addition because the angles involved make the problem geometrical, and the complex number representation does this very neatly. In a way the fasors add like vecors do (the real with the real, and the imaginary with the imaginary and its done!)
The calculation of the probabilities follows rules that are also geometrical. For example, let us think of two waves comming from the two slits in the DS experiment as:
from slit 1 $S_1: \psi_1(x_1,t)$ and from slit 2 $S_2: \psi_2(x_2,t)$.
The $x_1$ and $x_2$ show the distances the two phasors (waves) traveled by the time they reach some point P on the screen. When these two waves arrive at the screen, they will be added to get the total amplitude first
$A=\psi_1(x_1,t)+\psi_2(x_2,t)$
and then the probability will be the 'square of the modulus' of the total amplitude as
$P=|A|^2= |\psi_1 (x_1,t)|^2+ |\psi_2 (x_2,t)|^2 + 2|\psi_1 (x_1,t)|\times|\psi_2 (x_2,t)|\cos(\theta)$
The thrird term in the equation above, shows the real need for the complex representation of the wave functions in QM, as well as the need for finding first the total probability amplitude, and then finding the probability as the square of the total modulus. This term is the root of all beautiful interference phenomana we observe in the quantum mechanical world. I hope this helps a little.