Formulae
Compound Interest basic terms A = Amount
P = Principal
R = Rate of Interest
N = Number of Years
1. Interest Compounded Yearly
Amount (A) = Principal (P) X ( 1 + Rate of Interest (R) / 100 )Number of Years (N)
2. Interest Compounded Half-Yearly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 2 / 100 ]2 X Number of Years (N)
(or) Principal (P) = [ 1 + Rate of Interest (R) / 200 ] 2 X Number of Years (N)
3. Interest Compounded Quarterly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 4 / 100 ]
(or) Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)
Exercise : Compound Interest MCQ Questions and Answers
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