Compound Interest 1 - Cool Math has free online cool math lessons cool math games and fun math activities. Where is the initial amount you borrowed is the rate of interest where is written as a decimal number such as rather than a percentage and is the number of times the interest is compounded. A P 1 r5.
Under this method the interest is charged on principal plus any accumulated interest.
Going Backwards to Work Out the Present. Students teachers parents and everyone can find solutions to their math problems instantly. Lets look at the quantities in the problem statement. We could do the.