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how to calculate compound interest shortcut. For two years Net percentage of compound interest CI for 1st year CI for 2nd year. If a certain sum at compound interest amounts to A 1 in n yrs and A 2 in n1 yrs then Rate of compound interest A 2 A 1A 1 100 Sum A 1 A 1 A 2 n.
Maths Simple Interest And Compound Interest Shortcut Tricks Question Paper Question Paper Simple Interest Math Formulas from in.pinterest.com
Compound interest is the addition of interest to the principal sum of a loan or deposit or we can say interest on interest. If rate of interest is R1 for first year R2 for second year and R3 for third year then. An amount of money grows upto Rs 3000 in 3 years and upto Rs 4000 in 4 years on compound interest.
Create an Excel document to compute compound interest.
Enter your principal in cell B2. In this website we provide few shortcut methods on Simple Interest and Compound Interest Shortcut Tricks. Compound interest is the addition of interest to the principal sum of a loan or deposit or we can say interest on interest. Gross figure x 1 interest rate per period.
