The interest earned is higher by 360 6360 - 6000. How to use the compound interest formula. R Annual Nominal Interest Rate as a decimal.
And by rearranging that formula see Compound Interest Formula Derivation we can find any value when we know the other three.
A accrued amount or amount payable. A accrued amount or amount payable. A the future value of the investmentloan including interest. A P 1 r n nt A the amount of money accumulated after n years including interest P the principal amount your initial deposit or your initial.