Algonquin Achievement Centre - Home

a. $2000 loan at an interest rate of 5% compounded weekly. b. An interest rate of 7% compounded daily on an investment of $5000.00. $100 is borrowed at an interest rate of 3% compounded bi-weekly Calculating Compound Interest . Each of the values of “P”, “i” and “n” are needed to use the formula to calculate compound interest. ................
................