What is the Formula for Compound Interest?

What is the Formula for Compound Interest?

Note:

Things like bank accounts, loans, investments, and mortgages are a part of life, and almost always, interest is involved. Sometimes, you need to deal with compound interest, so it would be good to know the formula for it! In this tutorial, you'll see the formula for compound interest. Take a look!

Keywords:

  • formula
  • compound interest
  • compound
  • interest
  • new balance
  • over time
  • principal