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
The formula for compound interest is A = P(1 + r/n)^(nt), where: A = the future value of the investment P = the principal investment amount r = the annual interest rate (in decimal form) n = the number of times that interest is compounded per year t = the number of years the money is invested for
Wiki User
∙ 11y 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.
What is the compound formula of potassium iodide?
The compound formula for potassium iodide is KI.
The formula of a compound with the smallest ratios is called?
The formula of a compound with the smallest ratios is called the empirical formula. It represents the simplest whole-number ratio of atoms in a compound.
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 name of the compound with the formula TiBr3?
The compound with the formula TiBr3 is titanium(III) bromide.
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.
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.
How much interest would you gain from 2000 dollars at 6 percent for five years?
Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.
What is different about compound interest from normal interest?
Compound interest is calculated on the initial principal plus any accumulated interest, resulting in interest earning interest over time. Normal interest, on the other hand, is only calculated on the initial principal amount and does not take into account any interest that has already been earned.
