P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * *Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from...
The formula for compound interest is: A = P * ( 1 + ( R / N ) )^( N * T ) where A = amount of money accumulated after n years, including interest. P = principal amount (the initial amount you borrow...
Compound Interest for n compounds per year: A = P(1+r/n)nt Where A = amount of money at time t P = Principal balance r = yearly interest rate n = number of compunds per year t = time in years...