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Compound Interest Calculator

I want to calculate:
Input known variables:

 

VariablePeriod
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: