Compound Interest Formula + Calculator

Compound Interest Formula + Calculator compound interest formula If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula compound interest formula However, it is much more useful in most cases to use the simplified formula B=P because it leads to the formula for a much more common

compound interest formula Compound Interest Formula Derivation Rate of interest as “R” The simple interest on principle at the end of 1st time period = P*r100 Total

distance formula How to calculate compound interest · 1 Divide the annual interest rate of 5% by 12 = · 2 Calculate the number The interest on a loan or deposit calculated based on the initial principal, and the collective interest from previous periods is called compound interest