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how to calculate compound interest shortcut. If rate of interest is R1 for first year R2 for second year and R3 for third year then. Enter your principal in cell B2.
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When interest is compounded annually Amount P 1r100 n and Compound Interest P 1r100 n 1 When interest is compounded half - yearly. Calculate compound interest on an investment or savings. Compound interest is the interest calculated on the initial principal and also includes all the interest of previous periods on a deposit or loan.
An amount of money grows upto Rs 3000 in 3 years and upto Rs 4000 in 4 years on compound interest.
Tips Tricks And Shortcuts Of Compound Interest. Create an Excel document to compute compound interest. In cell B3 type B2106 and press enter. Compound Interest can be calculated CI P.
