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how to calculate simple interest and compound interest. Calculates interest amount and ending value. Divide the annual interest rate by 100 to convert it to a decimal.
Simple Interest Compound Interest Continuously Compounded Interest Studying Math Simple Interest Math Simple Interest from www.pinterest.com
Simple Interest is similar with the exception of the profits not being reinvested into the next iteration resulting in no compounding. Definition of Simple Interest. SI P T R 100 Step 4.
Calculating compound interest is complicated.
Compound interest P 1 i n P Compound interest P 1 i n 1 where. Input Principal Time and Rate Step 3. Compound interest is not to be confused with Simple Interest. If you choose to lend someone money.
