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compound interest formula general maths. 1276 1000 276 Value of 1 5 5 from future value of 1 table. Compound Interest Amount Principal.
Simple Interest Compound Interest Continuously Compounded Interest Studying Math Simple Interest Math Simple Interest from www.pinterest.com
Where P is equal to Principal Rate is equal to Rate of Interest n is equal to the time Period Compound Interest Formula Derivation. The compound interest formula can be used for compound growth. Notice after 18 years the money has DOUBLED from 5000 to 1012908 with 12908 to spare.
Whats New Suppose you won 1000000 and you plan to invest if for 5 years.
As you can see compound interest yield better result so you make more money. Where P is equal to Principal Rate is equal to Rate of Interest n is equal to the time Period Compound Interest Formula Derivation. So Compound Interest will be-. They are classified as functional maths meaning that you might use this type of calculation in real life.
