Since this is not my area of expertise, I searched Google under the key words "compound simple interest formula" to get these possible sources:
http://en.wikipedia.org/wiki/Compound_interest#Mathematics_of_interest_rates
http://math.about.com/od/businessmath/ss/Interest.htm
http://www.moneychimp.com/articles/finworks/fmfutval.htm
http://www.compound-interest-formula.com/compound-simple/compound-simple-comparison
In the future, you can find the information you desire more quickly, if you use appropriate key words to do your own search. Also see http://hanlib.sou.edu/searchtools/.
I hope this helps. Thanks for asking.
formular for compound and simple intrest
1 answer