Compound interest calculator Compound Interest is calculated on the initial payment and also on the interest of previous periods. Suppose you give 100 to a bank which pays you 10 compound interest at the end of every year. R Rate of Interest.
T 79 Finish solving the problem by dividing each side by 12 and round your final answer.
I would choose option 1. Mathbf P 1 frac r nn P 1 nr. Will there be 6000 dollars in the account A 6000. A P 1 r t where P is the initial amount principal r is the rate and t is time in years.