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whats compound interest formula. A simpler version of the compound interest formula is B P 1 r n where B is the final balance P is the principal r is the interest rate for 1 or each interest period and n is the number of payment periods. How to calculate compound interest in Excel.
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Compound Interest P 1 r t P where. How to calculate compound interest in Excel. A is the future value of investmentloan including interest earned.
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It is the result of reinvesting interest rather than paying it out so that interest in the next period is then earned on the principal sum plus previously accumulated interest. P is the principal the initial amount you borrow or deposit r is the annual rate of interest percentage. Compound Interest Quarterly Formula. Compound interest is the addition of interest to the principal sum of a loan or deposit or in other words interest on interest.
