compound interest formula
What Is Compound Interest? How To Calculate Interest
The interest on a loan or deposit calculated based on the initial principal, and the collective interest from previous periods is called compound interest
The compound interest formula is simple and involves four variables P,R,N,n The P in the formula stands for the principal amount of the investment, and R The interest on a loan or deposit calculated based on the initial principal, and the collective interest from previous periods is called compound interest
เครดิตฟรี 100 ถอนได้ 300ล่าสุด However, it is much more useful in most cases to use the simplified formula B=P because it leads to the formula for a much more common Using the formula for simple interest, we can develop a similar formula for compound interest With an opening balance P and an interest rate of i, the
