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Amount accrued= principal(1+ annual interest/4)^(4*years)
To put this into a calculator divide the annual interest by 4 then add 1.
Take this number to the power of 4 times the number of years.
Lastly multiply times how much money you started with.
An example:
$1000 at 4% compounded quarterly for 2 years.
.04 divided by 4 + 1 = 1.01
1.01 ^(4*2)=1.0828567056
$1000*1.082856=$1082.86
Because it was compounded quarterly you made
$2.86 more than simple interest.
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R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
To solve a problem for a 9th standard student in compound interest?
A man Iinvests 5000 for 2 years at compound intrest. After 1 year his money amounts to 5150. Find the intrest for the second year.
What is the formula for quarterly compounded interest in M S Excel?
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
What shows the ratio of how a compound is formed?
Its chemical formula.
How do you converts interest rate from compounding quarterly to compound annually?
Interest of r% per quarter is equivalent to {(1+r/100)4 - 1} percent annually.
