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how to solve for time in compound interest formula. Time 2 12 years. I Interest Amount.
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This formula applies when interest is earned on an annual basis and the interest is earned once a year. The bank gives you a 12 interest rate and compounds the interest every 2 months. Typically compounding occurs either annually semi-annually or quarterly.
Typically compounding occurs either annually semi-annually or quarterly.
Principal Rs 10000. The value after 6 years will be 598474. A the future value of the investmentloan including interest. This algebra precalculus video tutorial explains how to use the compound interest formula to solve investment word problems.
