- P - Principal, A = Amount, I = Interest, T = Time, R = Rate of interest per annum.
- 1. A = P + I
- 2. I = PTR/100
- Formulae: A = P (1 + R/100)^T = COMPOUNDED AMOUNT.

FORMULAE:

COMPOUND INTEREST

Nomenclature: A - Amount (Compounded)

P - Principal

R - Rate of interest per annum

N - Number of years or Number of periods