If the rate of annual interest is r%
the period is n years
and the amount invested is y
Then the compound interest is y*(1+r/100)^n - y
800 x (1.04)6 ie Rs1012.26
S=P(1+r)^n
A=Pe^rt A=Total Invested P=Principal r=Rate t=time
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
One can find a bunch of compound interest calculators online. Some of the sites that one can use are called, moneychimp, mathisfun and thecalculatorsite.
800 x (1.04)6 ie Rs1012.26
S=P(1+r)^n
A=Pe^rt A=Total Invested P=Principal r=Rate t=time
it is zero i'm a bad boy
compound... yes it is compound interest.
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
its compound interest
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
I=prt Switch the principle with the interest. Then work the equation out.
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