P(r/100)^2
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.
Although Microsoft excel does not include a function for determining compound interest , you can use following formula for this calculation.=PV*(1+r)^NWhere PV = Present Valuer = Interest RateN = No of investment period.E.g1000 is deposit amount at 10% interest for 5 years, then formula is=1000*(1+0.10)^5The answer will be 1,610.51
So you use the formula balance=principal(1+n over the number of years the the exponent ;0
Suppose the amount invested (or borrowed) is K, Suppose the rate of interest is R% annually, Suppose the amount accrues interest for Y years. Then the interest I is 100*K[(1 + R/100)^Y - 1]
0
There is no carrot in the compound interest formula!
the difference is that the formula does not have the same categories as the chemical compound does
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
it depends if the formula. it is ionic if the bonds are formed between nonmetal and metals.
Strontium chloride is a compound of lithium and chlorine with the formula SrCl2. Lithium chloride is a compound of lithium and chlorine with the formula LiCl.
H2 is the formula for pure Hydrogen gas, whereas HCl is Hydrochloric Acid, which is a compound of Hydrogen and Chlorine.
No technical difference other than compound and size. Slick is just that there are no grooves in the surface (No tread).
The compound formed between rubidium and chlorine has the formula RbCl.
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.
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.
The ionic compound formed between magnesium and chlorine has the formula MgCl2.
The formula is for compound that have more than one type of elements that joind together. EX. (H2O) is the formula of water. But the symbol is for one element. EX. (C) is the symbol of carbon.