Compound Interest - Definition, Formula, Examples

Compound Interest Formula compound interest formula Single Payment Compound Interest Formulas · F = $1,000 + $600 = $1,600 · F = $1,000 10 = $1,791 · F = $1,000 6 = $1,772 · F = $1,000 formula 1688 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

nu formula Compound interest is calculated on the principal amount and the interest already accumulated on previous periods For example, take the amount of