Crafting a Loan Calculation Form with HTML for lead capture: Step-by-Step Guide, Free Sample Code, and Live Demo
Compound interest is the interest calculated on the initial principal amount as well as the accumulated interest from previous periods. The formula to calculate compound interest is: where: A = the amount after the specified time period P = the principal amount (the initial amount of money) r = the annual interest rate (as a decimal) n = the number of times the interest is compounded per year t = the time period in years