Anonymous
Posted on: 10th Jun, 2005 08:14 am
please what are the formula for calculating compound interest?
Hi Guest,
"please what are the formula for calculating compound interest?"
A = P(1 + R/100) ^ n
Where, P is Principal, R is annual rate, n is the number of years, and the total Amount is A.
Then, the compound Interest (C.I.) is
CI = A - P
Hope this formula will help you to solve your cause.
For further related queries, feel free to contact us.
For MortgageFit
Regards
Jessica
"please what are the formula for calculating compound interest?"
A = P(1 + R/100) ^ n
Where, P is Principal, R is annual rate, n is the number of years, and the total Amount is A.
Then, the compound Interest (C.I.) is
CI = A - P
Hope this formula will help you to solve your cause.
For further related queries, feel free to contact us.
For MortgageFit
Regards
Jessica
