The compound interest formula is. A P 1rn nt P. For example 7 is entered as 7 - do not enter 07.
Principal x Rate x Time Interest p x r x t.
How to calculate simple interest You figure simple interest on the principal which is the amount of money borrowed or on deposit using a basic formula. Learn the Compound Interest Formula in this free math video by Marios Math Tutoring005 Formula for Calculating Compound Interest038 Example 1 5000 at 8. Enter the details. The compound interest formula is.