What is the formula for calculating compound interest on a sum of money invested in a financial instrument over a period of time using sheets compound interest formula?

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1239154

2026-03-06 22:50

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The formula for calculating compound interest on an investment is A P(1 r/n)(nt), where: A is the total amount after the time period, P is the principal amount (initial investment), r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years the money is invested for.

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