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how to calculate compound interest easily. Httpbitly2FBAeLA This is a simple video covering very basic interest calculations both simple and compound styles. Find the compound interest on a sum of Rs.
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You only need to know how much your principal balance is the interest rate the number of times your interest will be compounded over each time period and the total number of time periods. PV FV1r n. Finds the Future Value where.
Add that amount to the principal then multiply by the interest rate again to get the second years compounding interest.
Your intermediate accounting textbook may substitute n for time the n stands for number of periods time. Calculation of compound interest on bank investment or deposit with an example very easily using a calculator. To calculate annual compound interest multiply the original amount of your investment or loan or principal by the annual interest rate. PV FV1r n.
