Hey guys
I need help can anyone tell me the compound nd simple interest formulas plz thanks alot :)
I also wanna know why is math so hard >:( its annyoing and can some one tell me the 6, 7, 8, 9 times tables :) thanks
+23254 Simple interest formula: I = P ·r·t
where: P = Principal (amount invested) r = rate (as a decimal) t = time (years)
I = interest earned (not the final amount; the final amount will be P + I)
----- the time is usually in years because the rate is usually a yearly rate -----
Compound interest formula: A = P(1 + r/n)^(n·t)
where: P = Principal (beginning amount) r = rate (as a decimal) t = time (number of years)
A = final amount (not just the interest earned) n = number of compounding periods per year
+23254 Simple interest formula: I = P ·r·t
where: P = Principal (amount invested) r = rate (as a decimal) t = time (years)
I = interest earned (not the final amount; the final amount will be P + I)
----- the time is usually in years because the rate is usually a yearly rate -----
Compound interest formula: A = P(1 + r/n)^(n·t)
where: P = Principal (beginning amount) r = rate (as a decimal) t = time (number of years)
A = final amount (not just the interest earned) n = number of compounding periods per year
