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mathematical formula for compound interest. We know that for continuously compounded interest n approaches infinity. The value after 2 years will be 360639.
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The P in the formula above stands for your principal thats the amount that you start with. And by rearranging that formula see Compound Interest Formula Derivation we can find any value when we know the other three. R rate of interest.
The A in the formula is the amount youll end up with.
The value after 2 years will be 360639. The P in the formula above stands for your principal thats the amount that you start with. There are other types of questions that can be answered using the compound interest formula. P is the principal the initial amount you borrow or deposit r is the annual rate of interest percentage.
