Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

How to calculate compound interest rate?

Tags: money, real estate, interest rate
Asked by PSA, 10 Oct '13 11:17 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

1.

Formula is amount of money accumulated after n years, including interest. is equal to P multiplied by 1+ r/n whole to the power" nt " where
P is principal amount
r is annual rate of interest as a decimal

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

n is number of times the interest is compounded per year

So to know rate , you need to know P, n and t
Answered by PARTHA PATHAK, 10 Oct '13 11:28 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Use this online calculator if you are borrowing money or you are lending money. This calculator enables you to determine how much interest will be paid or accumulated. To understand the math behind the calculation of compound interest
Source: http://math.about.com/library/blcompoundinterest.htm
Answered by Quest, 10 Oct '13 04:11 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Complicated formula hai......jane do....kaha subh subh........................
Answered by Incredible Abhi, 10 Oct '13 11:27 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

On what?
Source: Rj-The Dude!
Answered by Ramta Jogi, 10 Oct '13 11:19 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Yahan normal interest nahi calculate karna aata..
Answered by Anurag Sharma, 10 Oct '13 11:18 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Didn't I already answer that? ", , u' ', OK, here's more of an explanation. If you have simple interest, you can just take the interest rate and the l..more

Answered by Mickey