Question

How to find rate in compound interest using formulaa

Answer 1

Answer:

Compound Interest Formulas and Calculations:

1.Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt

2.Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt

3.Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt - 1]

4.Calculate rate of interest in percent. R = r * 100.

5.Calculate time, solve for t.

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt

Calculate Principal Amount, solve for P. P = A / (1 + r/n)nt

Calculate rate of interest in decimal, solve for r. r = n[(A/P)1/nt - 1]

Calculate rate of interest in percent. R = r * 100.

Calculate time, solve for t.

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