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algebra compound interest formula. Suppose you give 100 to a bank which pays you 10 compound interest at the end of every year. The principal is the amount of money you deposit that you expect will grow over time.
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N Number of Periods. A simpler version of the compound interest formula is B P 1 r n where B is the final balance P is the principal r is the interest rate for 1 or each interest period and n is the number of payment periods. S Final Dollar Value.
Learn the Compound Interest Formula in this free math video by Marios Math Tutoring005 Formula for Calculating Compound Interest038 Example 1 5000 at 8.
View ISU_ Module 6pdf from MATH CALC 201 at Humber College. The principal is the amount of money you deposit that you expect will grow over time. The basic formula for Compound Interest is. The formula for compound interest is defined as.
