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what is the formula for interest compounded monthly. R Rate of interest. The formula for compound interest is P 1 rnnt where P is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods.
Formulae Of Simple And Compound Interest Having A Problem In Calculating Simple And Compound Interest Simple Interest Compound Interest Interest Calculator from www.pinterest.com
The formula is given as. If the interest on your investment is paid monthly while being quoted as an annual interest rate the Excel compound interest formula becomes. R Rate of interest.
The formula for compound interest is P 1 rnnt where P is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods.
The Compound Interest Formula. Raise all of that to the power of n times t where t is the number of time periods elapsed. Interest rate over the same period of time. The formula used for finding compound interest is.
