Compound Interest (Leaving Cert Mathematics): Flashcards
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9 cards from this deck
Compound interest formula
Compound interest formula
In , meaning of
In , meaning of
Final amount
In , meaning of
In , meaning of
Initial value
In , meaning of
In , meaning of
Interest rate
In , meaning of
In , meaning of
Time
Formula for interest earned
Formula for interest earned
Finding from
Finding from
Divide by , take -th root, subtract 1
Isolating in
Isolating in
Use logarithms on both sides
Convert % increase to multiplier
Convert % increase to multiplier
Divide by 100, add 1