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compound interest formula maths literacy. I p r t I 4000 8 4 I 4000 008 4 I 1280 dollars However compound interest is the interest earned not only on the original principal but also on all interests earned previously. A P1 r 4 100 4n 4 QUESTION.
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So A6 10001 012126 106152. Current interest rates are also much lower than 10 percent. So after six months there will be 106152 in the account.
Interest the amount of new money gained in the account P.
Compound Interest in Maths To understand the compound interest we need to do its Mathematical calculation. However for the students working initially on 10 percent per annum is more suited to their numeracy skills. Use the compound interest formula to compute the total amount accumulated and the interest earned. Use the following simple interest formula.
