0
principal - P
interest - I
rate % - R
time - T
amount -A
THE FORMULA FOR CALCULATING INTEREST
I = P * R* T
---------
100
A = P + I
A = P * R* T
---------
100
i.e., A = P[ 1 + RT]
--------
100
FOR COMPOUND INTEREST:C.I = final amount - original principal= amount - principal
Wiki User
∙ 14y ago
Wiki User
∙ 10y agoThere are two types of interest used in finance: Compound Interest and Basic Interest. Basic Interest is paid once at the end of the earning period. Compound interest is added at set intervals throughout the earning period, which allows the investor to earn interest on their interest.
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What is the chemical formula for compound 2-methylcyclohexanol?
C7H14O is the formula for the compound.
The empirical formula of a compound is CH2O The molar mass of the compound is 180 g What is the molecular formula for this compound?
C6h12o6
Which could represent the empirical and the formula of a given compound?
The empirical formula is representative for the chemical composition of a compound; the structural formula is representative for the spatial structure of the compound.
What is the formula compound for strontium arsenide?
The chemical formula for the compound Strontium arsenide is SR3AS2.
What is the compound Al2Cl3?
There is no compound with the formula Al2Cl3. But AlCl3 is aluminum chloride.
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.
How do you know whether a maths question is asking you to work out compound or simple interest?
For the second (and subsequent) periods, if the interest is to be calculated for the original sum PLUS the interest earned so far then it is compound interest. If only the original amount earns interest in all periods then it is simple interest.
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 To Get interest In Maths?
Multiply by the interest rate.
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.
How do you read this maths formula?
what formula?
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.
