Compound Interest

The formula for calculating compound interest is P = C nt

The interest on a loan or deposit calculated based on the initial principal, and the collective interest from previous periods is called compound interest

ดาวน์โหลด pinterest 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

formula 1688 Compound Interest Formula Derivation · The interest on Re 1- for 1 year = r100 = i · Interest after Year 1 = Pi · FV after Year 1 = P + Pi = P