Learn vocabulary terms and more with flashcards games and other study tools. 006 n of times per year interest is compounded t number of years invested Simplified Compound Interest Equation When interest is only compounded once per year n1 the equation simplifies to. This is the compound interest formula.
A P 1 rn nt Where.
P C 1 rn nt where P future value C initial deposit r interest rate expressed as a fraction. A P1 rt Compound Interest. Solve for t AP1rnnt Rewrite the equation as. Solve for p Ap1rnnt Rewrite the equation as.