compound interest formula

compound interest formula   Dan compound interest formula

If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula

To calculate compound interest in Excel, you can use the FV function This example assumes that $1000 is invested for 10 years at an annual interest rate of With compound interest the amount you are calculating interest on, changes every year The interest is calculated for the first year and is then added on to the

กระโปรงเทนนิส Compound Interest If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula