Calculate annual compound interest on an investment. Compound Interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. How much money is in the bank after for 4 years.
Therefore x P 1 nr100 n n n-12 r100 Here P 2500 520 1980.
This is one basic question. Installments paid with Compound Interest. In the formula A represents the final amount in the account after t years compounded n times at interest rate r with starting. 1025 due in 2 yrs 5 per annum.