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what is r in compound interest formula. 8052550 at the end of 5 years with an interest rate of 10 per annum. T number of years for which investment is done 3 years.
Simple Interest Compound Interest Continuously Compounded Interest Studying Math Simple Interest Math Simple Interest from www.pinterest.com
N number of the times compounded annually 1. This is why we have a whole separate compound interest formula to help us calculate the compound interest of any given year. Compound Interest Formula C.
So Compound Interest will be-CI.
The future value of the investment rounded to 2 decimal places is 12210. Where P is the initial invested amount or principal amount r is the rate of interest n is the time period for which interest gets compounded. R rate of return 10 compounded annually. The future value of the investment rounded to 2 decimal places is 12210.
