Compound Interest
Objectives
- Master CI formulas and conversions.
Key Concepts
- Annual, half-yearly, quarterly compounding.
- Effective rate: (1 + r/n)^{n} - 1.
Key Formulas
Amount A = P(1 + r/100)^t.
Solved Example
Principal 1000, rate 10%, 2 years ⇒ A = 1210.
BETA
