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how to calculate compound interest quarterly in excel. In the example shown the formula in C10 is. R is the quarterly compounded rate of interest.
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Gross figure x 1 interest rate per period. The compound interest formula reduces to 10000 10044 415 10000 10160. Amount 1.
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Supposing there is 1000 initial principal in your account with 8 interest rate per year and you want to calculate the total interest in ten years later. The compound interest formula reduces to 10000 10044 415 10000 10160. Here is the formula. Assume you put 10000 into a bank.
