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Compound Interest for n compounds per year:
A = P(1+r/n)nt
Where
A = amount of money at time t
P = Principal balance
r = yearly interest rate
n = number of compunds per year
t = time in years
Continuous Compound Interest:
A = Pert
A = amount of money at time t
P = Principal balance
r = yearly interest rate
t = time in years
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∙ 11y ago
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WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
How do you solve compound interest formula for n?
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
What is the formula for difference between simple interest and compound interest?
P(r/100)^2
What is the formula for a simple compound interest rate?
Simple Interest = p * i * n p is principle and i is interest rate per period and n is the number of periods. A = P(1 + r)n is for compound interest.
What is different about compound interest from normal interest?
Normal interest is not calculated over a period of time. It is just the formula to calculate the interests gained. Compound interest is calculated over more time periods such as years.
How do you figure out your total amount of money after interest?
It depends on whether it is simple or compound interest. The formula for simple interest is A = P(1+rt), where A = amount of money after t years, P = Principal, or the amount of money you started with, and r = the annual interest rate, expressed as a decimal (i.e. 7% = 0.07). For compound interest, the formula is A = P(1+r)t.
What is the maths formula for compound interest?
principal - Pinterest - Irate % - Rtime - Tamount -ATHE FORMULA FOR CALCULATING INTERESTI = P * R* T---------100A = P + IA = P * R* T---------100i.e., A = P[ 1 + RT]--------100FOR COMPOUND INTEREST:C.I = final amount - original principal= amount - principal
What is the Formula for daily compound interest?
The formula for the daily compound interest is B=p(1+r over n)NT as an exponent for the nt B= ending balance P= principal amound r= interest rate n= number of compounds per year t= time( in years)
Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
What is the formula for the compound boron chloride?
BCl3 is the formula for Boron Chloride. As a matter of interest it does not obey the octet rule. It is also called a Lewis Acid.
How much interest would you gain from 2000 dollars at 6 percent for five years?
Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.
Which type of interest is calculated by adding the interest earned to the principal?
compound... yes it is compound interest.
