How to calculate compound interest?
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Calculate Accrued Amount (Principal + Interest) A = P(1 + r)t
Calculate Principal Amount, solve for P. P = A / (1 + r)t
Calculate rate of interest in decimal, solve for r. r = (A/P)1/t - 1.
Calculate rate of interest in percent. ...
Calculate time, solve for t.
Calculate Principal Amount, solve for P. P = A / (1 + r)t
Calculate rate of interest in decimal, solve for r. r = (A/P)1/t - 1.
Calculate rate of interest in percent. ...
Calculate time, solve for t.
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A = P( 1 +r/n )^nt is the formula required
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