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compound interest

Anonymous
Posted on: 10th Jun, 2005 08:14 am
please what are the formula for calculating compound interest?
Hi Guest,

"please what are the formula for calculating compound interest?"
A = P(1 + R/100) ^ n

Where, P is Principal, R is annual rate, n is the number of years, and the total Amount is A.

Then, the compound Interest (C.I.) is
CI = A - P

Hope this formula will help you to solve your cause.

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Regards
Jessica
Posted on: 10th Jun, 2005 08:28 am
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