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What is the mathematical formula to find out the compounded interest?
Wiki User
∙ 13y ago
It is easiest to concentrate on how much your total money will increase, and to use factors as follows. For example, if you start with 1000 dollars, at 7% a year, your money will increase by a factor of 1.07 (1 stands for the original capital, 0.07 to the 7% increase) every year. In 5 years, your capital will increase by a factor of 1.07 x 1.07 x 1.07 x 1.07 x 1.07, which can be written as 1.075. Calculate this, and if you want to know how much of this was interest, just subtract the original capital.
Wiki User
∙ 13y ago
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Where can find the simple mathematical formula for calculating interest?
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Where can I find a calculator to see how much compounded interest I will be paying?
http://math.about.com/library/blcompoundinterest.htm is a great and easy website to calculate your compounded interest. It walks you through, step by step.
Formula for calculating compound interest?
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Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
If you only have 1500 to invest and the highest interest rate you can find is 3 percent compounded annually and you decide to wait 4 years to go on the trip how much money will you have to spend?
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
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A formula is a string of letters and numbers and other mathematical characters. It has no volume.
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You can find the acceleration formula on many physics and mathematical formula websites such as the physicsclassroom website. Alternatively you can view the formula on the wikipedia encyclopedia website.
Find compound interest on Rs800 for 3 years at an interest 8 percent compounded semiannually for three years Find the compound inte?
800 x (1.04)6 ie Rs1012.26
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It is a set of mathematical operations which have to be carried out, using some measures of an object and possibly mathematical constants, to find the total amount of space which an object occupies.
How can I find a simple interest calculator online?
www.moneychimp.com works great for individuals and small business alike. It takes in to account how much money is there as well as what type of interest compounded the money is in.
What is a mathematical formula?
A formula that shows you how to do or solve a mathematical problem. Ex. Y2-Y1 ------- X2-X1 That is used to find the slope of two points (Also known as point form, if I am correct.)
