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how to calculate interest quarterly. This calculator for simple interest-only finds I the simple interest where P is the Principal amount of money to be invested at an Interest Rate R per period for t Number of Time Periods. Now I have to find out MATURITY AMOUNT.
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To calculate continuous interest use the formula where FV is the future value of the investment PV is the present value e is Eulers number the constant 271828 i is the interest rate and t is the time in years. The total youll pay is 14000. If you agree to pay back 10000 over five years at 8 percent interest youll pay 4000 in interest.
Interest Rate Decimal Compounded.
Compound interest requires more work. Divide Annual Interest Rate. See how much you can save in 5 10 15 25 etc. But here you need to calculate interest four times in a year.
