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how to calculate compound interest using table. You need the beginning value interest rate and number of periods in years. Determine how much your money can grow using the power of compound interest.
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To calculate interest we first multiply the principal by the annual rate of interest. The compound interest formula reduces to 1001008115 100108. M is the number of compounding periods in one year.
This time the question uses the formulaAmount after n years starting amount x mu.
N is the number of years. This is the second video dealing with GCSE compound interest question. To access FV function we can go to Insert Function which is beside the formula bar or type sign where we need to see the result. For year 3 the principal amount is 1060 6360 112360.
