Im going to define a variable. P C 1 r t Continuous. Below is the compound interest formula on how to calculate compound interest.
Divideeach termby and simplify.
Unless R r there is nothing to solve for because R is not in the given equation. You can solve for any variable by rearranging the compound interest formula as illustrated in the following examples-1. This new annual rate is called the Effective Annual Rate and original advertised rate is called the Nominal Rate. A P 1 rnnt.