Compound Interest Calculation

The compound interest formula Stage Maths compound interest formula

Types of Interest · Simple interest is calculated on the principal, or original, amount of a loan · Compound interest is calculated on the principal amount and

ดาวน์โหลด pinterest To calculate annual compound interest, multiply the original amount of your investment or loan, or principal, by the annual interest rate Add that amount to Apply the Annual Compound Interest Formula Simple interest only earns a fixed amount of interest based on the original principal amount On the other hand, However, it is much more useful in most cases to use the simplified formula B=P because it leads to the formula for a much more common

ผู้สอบบัญชีรับอนุญาต For example, if you invest Rs 50,000 with an annual interest rate of 10% for 5 years, the returns for the first year will be 50,000 x 10100 or Rs 5,000 For