0
P*(1+R/100)powerT
where P= money borrowed or principal
and R= rate in percent
and T= time
* * * * *
Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
Wiki User
∙ 12y ago
Anonymous
Find the compound interest earned: Principal: $200 Interest Rate: 9% Time: 6 years Pls help me
Add your answer:
Earn +20 pts
What is the Formula for calculating pension equivalent of gratuity?
pension equivalent gratuity
How can one calculate their interest?
The formula used to calculate your interest is the principle balance, multiplied by the monthly interest rate. Then you mulitply that by the number of months in which you last paid interest.
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
Can a Present Value Calculator be used to compare mortgage rates?
Yes, you can campare mortgage rates using the present value calculator. you can also check compound interest, present value, return rate / CAGR, annuity, present value of annuity, bond yield and retirement.
What is the formula to convert kilograms to dollars?
There is no such formula
WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
How do you solve compound interest formula for n?
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
Shell program for calculating compound interest using for loop?
yes
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?
time
What is the maths formula for compound interest?
principal - Pinterest - Irate % - Rtime - Tamount -ATHE FORMULA FOR CALCULATING INTERESTI = P * R* T---------100A = P + IA = P * R* T---------100i.e., A = P[ 1 + RT]--------100FOR COMPOUND INTEREST:C.I = final amount - original principal= amount - principal
What is the formula for calculating interest coverage ratio?
operating income vefore interest and income taxes / annual interest expense
Where can find the simple mathematical formula for calculating interest?
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
What is the formula to calculate interest?
In calculating for the interest, please use the formula below:I = PRTwhere I stands for InterestP for principalR for rate; andT for time
How do you apply Indices in real life?
They are used when calculating areas or volumes, for acceleration, for compound interest.
Which of these is the correct formula for calculating interest on a loan?
interest = prinsciabl x rate x time
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
What does continuous compounding mean?
Continuous compounding is the process of calculating interest and adding it to existing principal and interest at infinitely short time intervals. When interest is added to the principal, compound interest arise.
