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how to get n in compound interest. A P 1rnnt. P is the principal the amount money borrowed or invested r is the interest rate per year or per annum n is the loan or investment duration in years.
26 Compound Interest Formula Exponential Growth Of Money Part 1 Calculate Compound Intere Compound Interest Math Learning Mathematics Compound Interest from www.pinterest.com
For the total accumulated wealth or amount the formula is given as. N Number of compounding periods per year. Where P is the initial invested amount or principal amount r is the rate of interest n is the time period for which interest gets compounded.
The interest rate is also an important factor in your account balance over time.
Compound interest will not make you a millionaire over night. N Number of compounding periods per year. We are going to learn how to solve for n and how to solve for i the compound interest main formula. The number one skill you need to have in order to get rich is patience.
