**Compound Interest Calculator**

**I want to calculate:**

Input known variables:

Variable | Period |
---|---|

Principal( $ ):The original amount of money you want to put into a bank | |

Interest Rate:Percentage of principal that bank is paying to you | % per year |

Time:How much time the money will stay into a bank? | |

Compound:Ask your financial institution to let you know how the interest is compounded | |

Amount( $ ):Amount is the original principal P plus the accumulated interest |

Show me the solution without an explanation

**Explanation**

**Problem**

Problem goes here

**Result**

Result goes here

**Explanation**

To find the amount we use formula:

$$ {A = P(1 + \frac{r}{n})^{nt} }$$

**A** = total amount

**P** = principal or amount of money deposited

**r** = annual interest rate

**n** = number of times compounded per year

**t** = time in years

In this example we have:

After plugging in the given information we have: