Calculate Compound Interest with Compound Interest Calculator

Re-Publish this Article

<h1>Calculate Compound Interest with Compound Interest Calculator</h1><strong> Author: <a href='http://www.articleseen.com/profile_mahan.aspx'>mahan</a></strong><br /><p><p>Compound interest is an interest that is to be paid on the original principal and on the accumulated past interest. It arises when interest is added to the principal amount and we have to pay interest on interest amount with principal amount. When you borrow money from a bank or money lender, you have to pay interest. Interest is some type of fee charged for borrowing the money, It is a percentage charged on the original principal amount for a definite period of time, usually one year. It is something that is used in real life many times. In schools we feel that we have to learn and understand it just to pass the exam. But, in real life we have to calculate compound interest many times.</p> <p>Calculating compound interest is very simple, only once you have to understand how compound interest works. If you want to know how much extra money or interest your parents have to pay to the bank or if you want to know how much they will earn on investment then you will have to know how to calculate compound interest. Calculating compound interest is very simple and by using a single formula we can calculate it. Amount = P (1 + R/100)n</p> <p>This formula is used when we have to calculate amount annually, here, 'P' is 'principal', 'R' is the 'rate' and 'n' is the 'time'. When we calculate compound interest half yearly then 'R' is equal to 'R/2' and time becomes twice i.e. 2n and similarly, it changes for quarterly and monthly. One important thing to remember about compound interest is that its principal amount changes after every compounding period.</p> <p>Calculating compound interest has become simple with the help of online tools. A tool named Compound Interest Calculator is developed by experts to solve the compound interest problem directly. When you use Compound Interest Calculator, you can easily calculate the interest amount and you need to remember any formula. It is an online tool that can assist students to calculate monthly, yearly, half-yearly and quarterly compound interest calculations. In present scenario all students prefer online study. You all are well aware with the online tutoring for free. Multiple sites charges few amount for online tutoring and many of them offer online tutoring for free. You can grasp different math topic with help of math tutoring online for free and the sites also offers different types of calculators which will also help you a lot in learning.</p> </p><strong>About the Author:</strong><br /><p>TutorVista is the #1 portal for learning <a rel="nofollow" href="http://math.tutorvista.com/" title="online tutoring for free">online tutoring for free</a>. The tutors working with us are great in explaining <a rel="nofollow" href="http://math.tutorvista.com/" title="math tutoring online for free">math tutoring online for free</a> in best possible way.</p> <p> Article Source: <a href='http://www.articleseen.com/Article_Calculate-Compound-Interest-with-Compound-Interest-Calculator_89378.aspx'> http://www.articleseen.com/Article_Calculate Compound Interest with Compound Interest Calculator_89378.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Calculate Compound Interest with Compound Interest Calculator_89378.aspx

Keywords : Compound Interest Calculator, online tutoring for free, math tutoring online for free,

Category : Reference and Education : Reference and Education