We use the following formula for compound interest or compound growth. The formula used in the compound interest calculator is A P 1rnnt A the future value of the investment P the principal investment amount r the interest rate decimal. I 5038848 008 1.
I 5038848 008 1.
Beginalign A Pleft1irightn text15 times lefttext1 fractext11text100righttext4 textRtext2277 endalign. Beginalign A Pleft1irightn text15 times lefttext1 fractext11text100righttext4 textRtext2277 endalign. I interest rate being used for the payment interval. Total interest payable Value Installment amount number of installments Balance.