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formula for compound interest per annum. In our example the formula is A2 1B2 where A2 is your initial deposit and B2 is the annual interest rate. It is to be noted that the above formula is the general formula for the number of times the principal is compounded in a year.
Formula For How To Calculate Compound Interest Compound Interest Interesting Things School Help from www.pinterest.com
Let us find out how much will be monthly compounded interest charged by the bank on loan provided. For example say you have a loan that is accruing interest at 126825 percent per year that compounds interest monthly. So the compound interest formula half yearly becomes.
For example with a 075 percent interest rate compounded monthly divide 075 percent by 100 to get 00075.
Ending Investment Start Amount 1 Interest Rate n Where n Number of years of investment. In this formula P Principal i interest rate n number of compounding periods and t the number of years for which the money is invested or borrowed. For example with a 075 percent interest rate compounded monthly divide 075 percent by 100 to get 00075. Important Compound Interest Formulae.
