The derivative is at*ln(a) wheret is the time period,
ln is the natural log
and a is the multiplier for the annual interest rate: eg if the interest rate is r% then a = (1 + r/100).
Actually if it's compounded annually, there is NO change most of the time - until the end of the year. However, you can approximate this as an exponential function, and take the derivative, as Anand Mehta explained in another answer.
Total (compound interest) = p (r + 1)^ t, so plug in the numbers. 3497(1.075)^15 = 10347.1941. You can round that to 10347.19.
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70
Inserting values into the formula for compound interest, you get:4100 * (1 + 3.75/100) to the power 6.
The formula is (1+r)^n -1. r= rate of return (ie 100%) n=number of compounding periods so (1+1)^15 -1= 32767 or 3276700%
Use the "rule of 72"...simply put, using compound interest you take the number 72 and divide it by the interest rate. Thus, at 5% the time to double is 14.4 years. This formula can be used for calculating a "double" for any interest rate using the same mathematical procedure.
1257
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
P.C.P.A. is the "Percent Compounded Per Annum." This measurement is used when trying to determine the compound interest for previous years.
Compounded.
No. There is no formal word to express the adjectives compound or compounded as an adverb.
Total (compound interest) = p (r + 1)^ t, so plug in the numbers. 3497(1.075)^15 = 10347.1941. You can round that to 10347.19.
if there are two payments a year, at the beginning of the year and at 6 months, plus one payment at the end of 21 months then at an annualised compound rate of 21.9% your money will double in 21 months.
It is an element and it is thus "not compounded" with another element(s)
The analytical answer is 1130.34 but banks are not likely to round up when it comes to paying you money so I would say 1130.33
Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70