Best Math Formula website. Search anything about Math Formula in this website.
how to work out compound interest formula. Try the formula out yourself and see what result you get compared to the result in our calculator to check your work. Principal x Rate x Time Interest p x r x t.
Discovering The Compound Interest Formula Percentages Made Easy The Trick To Calculating Compound Interest Interesting Things Make It Simple Teacher Life from www.pinterest.com
The interest rate and number. To calculate compound interest use the formula below. You figure simple interest on the principal which is the amount of money borrowed or on deposit using a basic formula.
To calculate compound interest use the formula below.
Amount after n years starting amount x multipliern Youre asked to calculate the amount after 3 years with 4500 and a 4 compound interest rate. Your intermediate accounting textbook may substitute n for time the n stands for number of periods time. Compound interest is when a bank pays interest on both the principal the original amount of moneyand the interest an account has already earned. You figure simple interest on the principal which is the amount of money borrowed or on deposit using a basic formula.
