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simple way to solve compound interest. This will save about a minute of your time allowing you to solve an extra question and boost your score and percentile. Compound interest is the addition of interest to the principal sum of a loan or deposit.
Simple Interest And Compound Interest Fast Calculation Tricks Hi Friends In This Post We Are About To Lear Simple Interest Math Tricks Simple Interest Math from in.pinterest.com
Finds the Present Value when you know a Future Value the Interest Rate and number of Periods. Basically The formula for Amount in Compoun interest Amount. Compound interest is the addition of interest to the principal sum of a loan or deposit.
But what follows is the quickest way to solve compound interest problems.
Mathbf P 1 frac r nn P 1 nr. If you get such a problem your first thought should be to avoid calculating the amount of compound interest exactly. N number of payment periods number of interest periods times number of years. 7th grade math introduction to simple and compound interest.
