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how to calculate compound interest per annum. Years at a given interest rate. Include additions contributions to the initial deposit or investment for a more detailed calculation.
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Next raise the result to the power of the number of periods per year. A P 1 r21002t. Compound interest is interest calculated on the original principal plus interest calculated on the accumulated interest from previous accounting periods.
In order to understand this better let us take the help of an example.
In order to understand this better let us take the help of an example. So the compound interest formula half yearly becomes. Generally the rate of interest on investment is quoted on per annum basis. When it comes to savings and investments the compound interest on 10000 for three years at 6 per annum is 191016.
