Q:

What is the formula for compounded interest

Answer

Compound Interest Formula: Amount = Principal (1 + rate (r)/number of years(n)) ^ nt. ChaCha!

Categorized In: Finance & Economy , Math , Chemistry

Source: Compound Interest Formula | qrc.depaul.edu

Description: Compound Interest Formula

20 hr 8 min ago

Comments
No comments yet
Post a Comment
 
More ChaCha Answers (2)

Assuming that P = starting principal and r = rate of return in decimal form, the formula is (P + rP) + r(P + rP). ChaCha!

Apr 22 2009, 09:49pm | Source: Compound Interest Formula (with Graph and Calculator Link) | www.moneychimp.com

The formulas for compounded interest change but generally if you want to compound n times per year, you use: FV = P (1 + r / n)Yn.

Apr 21 2009, 06:29pm | Source: Compound Interest Formula (with Graph and Calculator Link) | www.moneychimp.com
Popular Searches
compounding interest formula