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Simple Interest
Simple Interest
Compound Interest
Compound Interest
The compound interest formula can be used to find the following:
TO FIND:
Total Amount (A): You will need values for P, R and n.
Compound Interest (CI): You will need values for P, R and n. To find CI: CI = A - P
Principal Amount (P): You will need values for A, R and n.
Rate (R): you will need values for A, P and n.
Number of times compounded (n): you will need values for A, P and R.
Difference between simple interest and compound interest.
Difference between simple interest and compound interest.
To find n and R when compounded differently
To find n and R when compounded differently
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