Aptitude - Compound Interest - Formulas

compound interest formula  This finance video tutorial explains how to calculate the compound interest on an annual This formula can also be used for instances where the interest is compounded once every two years In this case, n = , as each year is calculated as half

Formula for Compound Interest · Amount = mathbf{Pleft ^{nT}} · Compound Interest = Total amount The EFFECT function returns the compounded interest rate based on the annual interest rate and the number of compounding periods per year The formula to

Compound interest is calculated on the principal amount and the interest already accumulated on previous periods For example, take the amount of Using the formula for simple interest, we can develop a similar formula for compound interest With an opening balance P and an interest rate of i, the