Compound Interest Calculator to Solve CI Problem
Hi friends, today we will learn an interesting topic of algebra and an automatic way to solve its problem. You all must have learnt simple interest in previous class. It is money that is calculated on the principal amount that means that money you borrowed or gave to somebody for a definite time period. While the compound interest is defined as the interest is calculate when interest is added to principal amount. In this, interest is added and interest itself earns money. To calculate simple interest we have a formula:
SI = P *R * t / 100, Where, P is principal, R is rate of interest per annum, T is time
Let’s takes an example of SI, to see how to calculate SI. We have P= Rs800, t = 2 years and R = 4%pa SI= 800 * 2 * 4/100, SI = Rs 64 Principal So, simple interest on a principal 800 is Rs 64…
Similarly a formula is given to calculate the compound interest. The formula is given as: A = P(1 + R/ 100)n, Where, A is amount, P is principal, R is rate and, N is time.
Let’s take an example to see how to calculate the out the values in formula and how to calculate the CI, P = 2500, n = 1 years R= 5% and interest is calculated yearly. Put values in formula we get, A = 2500 (1 + 5/100)1 A = 2500 (106/100) A= 25 * 106, A = 2650. In this way we calculate the compound interest.
You can also use compound interest calculator to solve compound interest questions, it is available online free of cost. Whenever you want to solve any compound interest sum you can use compound interest calculator. 3602Using this calculator is simple. Just type the problem and it will show you the answer when you click on submit button. Using this calculator you can easily solve multiple problems and even all types of problems either they are simple or complex.
Now, talk about an important property which is very useful in solving mathematical problems. Have you heard a property called as distributive property, it is a property that is used to multiply a single term or multiple terms inside a set of parentheses. It is given as a * (b + c) = (a * b) + (a *c). Let’s take an example to understand it properly, 2 * (3 + 2) = (2 * 3 ) + (2 * 2), 2 * (5) = 6 + 4, 10 = 10,
Here you see that both the formula are giving the same answer. So, either you write the right hand side or left hand side 6002the answer will be right.
Now, homework help is a help provided by online math help to help kids in doing their homework and solve math problems. Using this homework help you can easily do your homework and solve all the homework questions easily.
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