Compound Interest: What It Is, Formula, Examples

The compound interest formula is simple and involves four variables P,R,N,n The P in the formula stands for the principal amount of the investment, and R

{ A = P n t Use the compound interest formula A = 3000 4 ⋅ 10 Substitute using given values ≈ Round to two

compound interest formula This formula is derived from the one above When interest is compounded annually, we would have the fraction r1 and multiply t by 1 since it only compounds

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