When the interest is compounded once a year. 42 COMPOUND INTEREST Compound amount future value is S after n interest periods Compound Interest Formula The formula to calculate the compound amount is given by S P 1 i where. Mathematics Stack Exchange is a question and answer site for people studying math at any level and professionals in related fields.
The basic formula for Compound Interest is.
5000 dollars is deposited in an account P 5000. N n mt r i m S Compound amount P Original principal m frequency of conversions r nominal interest rate per year t investment period The compound interest is I S P. B5 monthsI PRT 12000 9 5 12 450. 42 COMPOUND INTEREST Compound amount future value is S after n interest periods Compound Interest Formula The formula to calculate the compound amount is given by S P 1 i where.