Q.

How to calculate compound interest rate?

Asked by PSA,
10 Oct '13 11:17 am

Earn 10 points for answering

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
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

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.

Report abuse

Useful

(0)

Not Useful

(0)

Your vote on this answer has already been received

5.

Report abuse

Useful

(0)

Not Useful

(0)

Your vote on this answer has already been received