Mon February 18, 2013 By: Yogiraj Karambelkar

can u give the formula for compound intrest?

Expert Reply
Mon February 18, 2013
Answer : let 
P = principal amount (the initial amount you borrow or deposit)

r  = annual rate of interest (as a decimal)

t  = number of years the amount is deposited or borrowed for.

A = amount of money accumulated after n years, including interest.

n  =  number of times the interest is compounded per year 

the compound interest formula is :
A = P [1+ (r/n) ]nt
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