Compound Interest Formulas

This formula is to calculate...

• The final amount including the principal value and the simple interest

• The simple interest you will receive

• The final amount including the principal value and the compound interest

• The compound interest you will receive

• The number of times compounded per year

What does the "I" in the interest formula stand for?

• Principal

• Interest

• Rate

• Time

What does the "r" in the interest formula stand for?

• Principal

• Interest

• rate

• time

What does the "p" in the interest formula stand for?

• Principal

• Interest

• rate

• time

• total amount

• principal

• interest rate (decimal)

• time (years)

• initial amount

• rate of interest

• number of times compounded in a month

• time (months)

• interest rate (percentage)

• number of times compounded in a year

What does the n stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year

What does the P stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year

• $105,654
• $133,105
• $164,133
• $112,822

• A

• B

• C

• D

What does the r stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year