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formula for compound interest gcse bitesize. Compound Interest Quarterly Formula. This video explains how to answer compound interest questions.
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PV FV1r n. Compound Interest Quarterly Formula. Compound interest or interest on interest is calculated with the compound interest formula.
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The main issue is to change the 104 to 104 and then you can plug the numbers directly into your calculator these type of GCSE questions are generally on the calculator paper. Youre asked to calculate the amount after 3 years with 4500 and a 4 compound interest rate. Amount after n years starting amount x multipliern. For example pounds400 is borrowed for three years at an interest rate of 5.
