Best Math Formula website. Search anything about Math Formula in this website.
compound interest equation monthly. P Principle amound invested the original contribution PMT Regular contributions additional money added to investment r Interest rate investment is earning. A Monthly compound rate P Principal amount R Rate of interest N Time period.
Compound Interest Interactive Notebook Page Math Interactive Notebook Algebra Interactive Notebooks Interactive Notebooks from www.pinterest.com
The formula used for finding compound interest is. Compound interest is interest that is added to the principle based on the number of times it is compounded for a given period. PV FV 1rn.
You can read more about the formula in this article.
P Principle amound invested the original contribution PMT Regular contributions additional money added to investment r Interest rate investment is earning. In order to calculate compounding more than one time a year we use the following formula. T the number of periods the money is invested for. Here P denotes the principal r represents the annual interest rate n is the number of times the interest is compounded per year and t is the time in years.
