In the formula A represents the final amount in the account after t years compounded n times at interest rate r with starting. If in the above scenario the compounding period is every year then the compound interest will be. There are two ways to calculate interest simple and compound and they are very different.
1060 X 6 6360.
Simple interest is a set percentage paid on the initial principal. My Algebra 2 course. If in the above scenario the compounding period is every year then the compound interest will be. That is the negative power of compound interest.