CM Compound Interest

Compound Interest Formulas I EME 460 compound interest formula

Answer- The Compound Interest formula is- A = P Over here, the A is the final amount and P is the initial principal balance Similarly, r is the

distance formula Compound Interest Formula t = number of years the amount is deposited or borrowed for A = amount of money accumulated after n years, including interest  Derivation Let us consider the principle as “P” and rate of interest as “R” At the end of first compounding period, the simple interest on principal is P*r The interest on the original balance alone would be called simple interest The additional earnings plus simple interest would equal the total amount earned

วัดจันทรังษี What is Compound Interest? · I = Interest amount This is the extra amount that is added to the original · P = Principal amount This is the original amount