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algebra compound interest formula. A simpler version of the compound interest formula is B P 1 r n where B is the final balance P is the principal r is the interest rate for 1 or each interest period and n is the number of payment periods. P Principal Dollars Invested.
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How long would it take for an investment of 3500 to become 4200 if it is invested in an account that earns 6 compounded monthly. One very important exponential equation is the compound -interest formula. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015.
S Final Dollar Value.
View ISU_ Module 6pdf from MATH CALC 201 at Humber College. For example lets say that you have 1000 to invest for three years at a 5 percent compound interest rate. Heres how you would get that answer using the formula and applying it to the known variables. Includes compound interest formulas to find principal interest rates or final investment value including continuous compounding A Pert.
