.png){kind=link}
 - Vertical.png){kind=link}
.png){kind=link}
 - Vertical.png){kind=link}
.svg){kind=link}
.png){kind=link}
Compond Interest
School Formula
A = P(1+R/100)^t, where
CI = P[(1+R/100)^t-1]
P = Principal
R = Rate (in %) per year
t = Time in years
To convert to general formula, just take the rate per period and time in that period
Banking Formula
This is used since banks generally give out annual CI rates
A = P*(1+R/n)^nt, where
A = Final Amount
P = Principal
R = Rate (in decimal) per year
n = number of compounds per year
t = Time in years