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how to calculate compound interest uk. 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. Compound It Compound Frequency Annually Semiannually Monthly Daily.
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A note or two about Compounding Frequency. Fortunately there is a very simple rule of thumb to help you calculate compound interest. The formula for calculating compound interest is P C 1 rn nt where C is the initial deposit r is the interest rate n is how frequently interest is paid t is how many years the money is invested and P is the final value of your savings.
A n is the amount after n years future value.
A the future value of the investment. Its called the Rule of 72. How to calculate compound interest. Fortunately there is a very simple rule of thumb to help you calculate compound interest.
