Best Math Formula website. Search anything about Math Formula in this website.
how to calculate compound interest questions. Hence for quarterly interest AP 1 r4100 4nP 1r4004n. The formula is longer than that used to calculate compound interest without regular payments but follows the same principles.
Simple Interest Formula Video Lessons Examples And Solutions Simple Interest Studying Math Math Formulas from www.pinterest.com
The formula is as follows. We then multiply the result by time in years. Calculator Use Calculate compound interest on an investment or savings.
I would choose option 1.
1152800 12n 144 12n 144 122 Thus it takes two years for the compound interest to amount to Rs1152. R Rate of Interest. A 5000 1331. It is to be noted that the above formula is the general formula for the number of times the principal is compounded in a year.
