Question

• WRITE THE STEPS TO CALCULATE SOMETHING USING COMPOUND FORMULA. — WRONG ANSWERS OR SPAMS ARE REPORTED! ​

Answer 1

Explanation:

You can calculate compound interest with a simple formula. It is calculated by multiplying the first principal amount by one and adding the annual interest rate raised to the number of compound periods subtract one. The total initial amount of your loan is then subtracted from the resulting value.

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Answer 2

Answer:

Compound interest is calculated by multiplying the initial loan amount, or principal, by the one plus the annual interest rate raised to the number of compound periods minus one. This will leave you with the total sum of the loan including compound interest.

Explanation:

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