Compound Interest
Compound Interest
Compound Interest
Rate= 0.08
Year Intererst Balance
2500
0 1000
1+A4 80 1080
1+A5 86.4 1166.4
1+A6 93.312 1259.712 2000
1+A7 100.77696 1360.48896
1+A8 108.8391168 1469.3280768
1+A9 117.546246144 1586.874322944
1+A10 126.9499458355 1713.82426878 1500
1+A11 137.1059415024 1850.930210282
1+A12 148.0744168226 1999.004627104
1+A13 159.9203701684 2158.924997273
1000
1+A14 172.7139997818 2331.638997055
500
0
0 20 40 6
Compound Interest
Balance
Interest
500
400
300
0
0 2 4 6 8 10 12 14 16 18
-100
-200
Principal= 1000
Rate 0.08
Year Balance
0 1000
1 1080
2 1166.4 1000
3 1259.712 2500
4 1360.48896
5 1469.3280768 2000
6 1586.874322944
7 1713.82426877952 1500
8 1850.93021028188
9 1999.00462710443 1000
10 2158.92499727279
11 2331.63899705461 500
0
0 2 4 6 8
An= (1+r)^n*P
Simple Interest
1000
2 4 6 8 10 12