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formula for compound interest per month. A P 1rnnt. Financial institution in which you are depositing the money is offering you 10 interest rate which will be compounded daily.
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Now it is worth 3630. A P 1 rnnt r annual interest rate n number of compounds per period usually in months t time principalinput inputEnter principal. Let say you have 1000 to invest and you can leave that amount for 5 years.
Let say you have 1000 to invest and you can leave that amount for 5 years.
How to calculate compound interest in Excel. For a daily interest rate divide the annual rate by 360 or 365 depending on your bank. Monthly 12 p the number of years your money will be in savings and. A the future value of the investmentloan including interest P the principal investment amount the initial deposit or loan amount r the annual interest.
