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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
How do you solve simple interest?
simple intrest=ptr/100: simple intrest=ptr/100:
What shows the ratio of how a compound is formed?
Its chemical formula.
What is the difference between simple and compound interest?
Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.
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.
How do you find quarterly compound interest?
it is zero i'm a bad boy
What is the compound formula for Silver hydride?
The compound formula for silver hydride is AgH.
What represent a molecular compound?
This is the chemical formula (empirical formula) or the formula unit of this compound.
What is the chemical formula for compound 2-methylcyclohexanol?
C7H14O is the formula for the compound.
What is the compound formula for silver?
The compound formula for silver hydride is AgH.
What is the compound for the formula C3H8?
The compound for the formula C3H8 is propane.
What is the compound formula of potassium iodide?
The compound formula for potassium iodide is KI.
What is the compound formula of sodium phosphite?
The compound formula of sodium phosphite is Na3PO3.
What is the compound formula for phosphorus tribromide?
The compound formula for phosphorus tribromide is PBr3.
