Compound interest Finance and growth

Compound Interest Formula: What Is It And Why Is It Useful? compound interest formula This algebra & precalculus video tutorial explains how to use the compound interest formula to nu formula If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula

distance formula Use compound interest formulas 2 Calculate present value 3 Understand and compute effective annual yield Page 4