Let the principal amount be equal to P. Let the rate at which the interest is levied is equal to R% per annum (per year). let the time for which the amount is lent = T years. Then we can write: Simple Interest = [ {P×R×T}/100] We can also calculate the Principal amount as P = [ {100× (Simple Interest)}/ (R×T)].

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Compound Interest Formulas. Compound interest is the interest calculated on the original principal and on the accumulated past interest of a deposit or loan. Compound interest is calculated based on the principal, interest rate (APR or annual percentage rate), and the time involved.

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Compound interest is calculated by multiplying the initial principal value by one plus the annual rate raised to the amount of compound periods minus one. Interest is combined on any given frequency schedule, from continuous to daily to annually. When calculating compound interest, the amount of compounding periods makes a major distinction.

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Compound interest is calculated using the following formula: P (1 + R/n) (nt) - P. Here P is principal amount. R is the annual interest rate. t is the time the money is invested or borrowed for. n is the number of times that interest is compounded per unit t, for example if interest is compounded monthly and t is in years then the value of n ...

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Apr 01, 2019 · If it is compounded biannually, the effective rate will be 8.16%. Here the stated 8% interest is the nominal interest rate. To calculate the maturity value of an investment, you can use the following formula: Maturity value=(principal) x (1+r)^n n = investment tenure r = interest rate

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Simple interest and Compound interest for the first year will be the same. Only from the second year onward they will differ because in compound interest system interest is added to the principal to yield more interest.