PV is the present value or the investment starting point. Total Value 206103 Total Interest 106103. The formula for compound interest including principal sum is.
However your bank has two different plans.
A P 1 rn nt. The investment formula for future value is below FV PV x 1 I n n x t It might seem complex but breaking it down into pieces helps with understanding how it works. For the formula for compound interest just algebraically rearrange the formula for CAGR. A P 1 rn nt.