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how compound interest formula derived. Compound Interest Amount Principal. It also explains two types of problems tha.
Compound Interest Derivations from www.mathsisfun.com
So the basic formula for Compound Interest is. To calculate compound interest we need to know the amount and principal. View Compound Interest Formulapng from CALCULUS 1330 at United States International University USIU - Africa.
At the end of the second year you will earn 3 on the 103 beginning balance or 309 ending up with a balance of 10609.
N Number of Periods. Yr 1 100 103 Yr 2 100 103 103 100 1032. With that we can work out the Future Value FV when we know the Present Value PV the Interest Rate r and Number of Periods n. How Compound Interest Benefits Savings and Investments.
