Best Math Formula website. Search anything about Math Formula in this website.
how to work out compound interest rate gcse. 1 24 div 80 03. To calculate the amount of simple interest over 5 years you simply multiply the interest earnt in year one by five - 125 5 625.
How To Calculate Compound Interest And Simple Interest Examples And Step By Step Solutions Gcse Maths Videos And Simple Interest Compound Interest Gcse Math from www.pinterest.com
The formula for compound interest is P 1 rn nt where P is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods. Visit httpwwwmathswrapcouk for real maths tips and techniquesMy new course How to good at mathematics - and great at fractions. For explanations read Compound Interest.
Or you can use the old Flash version.
After 1 year you would owe the bank 800 x 115 920. This particular question is around GCSE grade 4 5 B in old money and deals with using the formula. How to work out compound interest using formula. You can handle this question in either of these ways.
