Compound Interest

compound interest formula  Question of Class 8-Compound interest formula : Compound interest is the interest charged on the loan or deposit amount It is the most commonly used This formula can also be used for instances where the interest is compounded once every two years In this case, n = , as each year is calculated as half

Compound Interest Formula · FV = future value of the loan · PV = present value of the loan · i = periodic interest rate · n = number of With compound interest the amount you are calculating interest on, changes every year The interest is calculated for the first year and is then added on to the

Compound interest is interest accumulated from a principal sum and previously accumulated interest It is the result of reinvesting or retaining interest The formula for calculating compound interest is P = C nt