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compound interest formula hegarty maths. Amount after n years starting amount x multipliern. I PRT 5000 11 90 360 13750 b.
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The tutor2u Maths team comprise experienced GCSE and A Level Maths teachers and examiners with wide experience of all the main exam boards. To calculate the amount of simple interest over 5 years you simply multiply the interest earnt in year one by five - 125 5 625. A house is valued at 240000.
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R 4 1 4 n 18 1 18. If you deposit 1000 in a bank account which is paying 3 compound interest per year. Finds the Future Value where. Youre asked to calculate the amount after 3 years with 4500 and a 4 compound interest rate.
