Simple Interest - Daytona State College
Final Amount (A) = Principal + compound Interest. The formula for calculating Compounded Interest is: A = Principleor A = P. The tricky part about calculating the number of periods in a year. Example 1: Ray put $2,000. into a savings account. The interest on the account is . 12% . per year compounded quarterly. He wants to put the money away ... ................
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