Compound Interest Formula N. The compound interest formula is p 1 i n p where p is the principal i is the annual interest rate and n is the number of periods. Finds the future value where.
When you borrow money from a bank you pay interest. Where. Interest is really a fee charged for borrowing the money it is a percentage charged on the principal amount for a period of a year usually.
The formula for compound interest is p 1 r n nt where p is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods.
The compound interest formula is p 1 i n p where p is the principal i is the annual interest rate and n is the number of periods. Fv pv 1 r n. The compound interest formula is an equation that lets you estimate how much you will earn with your savings account. N number of periods.
