And by rearranging that formula see Compound Interest Formula Derivation we can find any value when we know the other three. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015. Using the same information above enter Principal.
Compound interest is based on the amount of the principal of a loan or deposit and interest rate which accrues in conjunction with how often the loan compounds.
B 10001024 108243. Compound interest calculation The amount after n years A n is equal to the initial amount A 0 times one plus the annual interest rate r divided by the number of compounding periods in a year m raised to the power of m times n. To calculate interest we first multiply the principal by the annual rate of interest. A100 1 0622 100 1032 10609.