Annual Rate of Compound Interest given Final Amount Solution

STEP 0: Pre-Calculation Summary
Formula Used
Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1)
rAnnual = 100*((AAnnual/PAnnual)^(1/tAnnual)-1)
This formula uses 4 Variables
Variables Used
Annual Rate of Compound Interest - The Annual Rate of Compound Interest is the percent of the interest paid over the principal amount for the due period compounded annually.
Final Amount of Annual CI - Final Amount of Annual CI is the total amount received or paid back, including the amount invested or borrowed initially, and interest on it for given time period at fixed rate compounded annually.
Principal Amount of Annual Compound Interest - Principal Amount of Annual Compound Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time compounded annually.
Time Period of Annual Compound Interest - (Measured in Year) - Time period of Annual Compound Interest is the number of years for which the principal amount is invested, borrowed, or lent at a fixed rate compounded annually.
STEP 1: Convert Input(s) to Base Unit
Final Amount of Annual CI: 144 --> No Conversion Required
Principal Amount of Annual Compound Interest: 100 --> No Conversion Required
Time Period of Annual Compound Interest: 2 Year --> 2 Year No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
rAnnual = 100*((AAnnual/PAnnual)^(1/tAnnual)-1) --> 100*((144/100)^(1/2)-1)
Evaluating ... ...
rAnnual = 20
STEP 3: Convert Result to Output's Unit
20 --> No Conversion Required
FINAL ANSWER
20 <-- Annual Rate of Compound Interest
(Calculation completed in 00.004 seconds)

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Indian Institute of Technology, Indian School of Mines, DHANBAD (IIT ISM), Dhanbad, Jharkhand
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The National Institute of Engineering (NIE), Mysuru
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Annual Rate of Compound Interest Calculators

Annual Rate of Compound Interest
​ LaTeX ​ Go Annual Rate of Compound Interest = 100*((Annual Compound Interest/Principal Amount of Annual Compound Interest+1)^(1/Time Period of Annual Compound Interest)-1)
Annual Rate of Compound Interest given Final Amount
​ LaTeX ​ Go Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1)

Annual Rate of Compound Interest given Final Amount Formula

​LaTeX ​Go
Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1)
rAnnual = 100*((AAnnual/PAnnual)^(1/tAnnual)-1)

What is Compound Interest?

Compound Interest is the interest calculated on the principal and the interest accumulated over the previous period. The Compound Interest for an amount depends on both principal and interest gained over periods. Compound Interest varies with each year for the same principal amount. It is different from simple interest, where interest is not added to the principal while calculating the interest during the next period.

How to Calculate Annual Rate of Compound Interest given Final Amount?

Annual Rate of Compound Interest given Final Amount calculator uses Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1) to calculate the Annual Rate of Compound Interest, The Annual Rate of Compound Interest given Final Amount formula is defined as the percent of the interest paid over the principal amount for the due period compounded annually, and is calculated using the final amount of Compound Interest. Annual Rate of Compound Interest is denoted by rAnnual symbol.

How to calculate Annual Rate of Compound Interest given Final Amount using this online calculator? To use this online calculator for Annual Rate of Compound Interest given Final Amount, enter Final Amount of Annual CI (AAnnual), Principal Amount of Annual Compound Interest (PAnnual) & Time Period of Annual Compound Interest (tAnnual) and hit the calculate button. Here is how the Annual Rate of Compound Interest given Final Amount calculation can be explained with given input values -> 20 = 100*((144/100)^(1/63113904)-1).

FAQ

What is Annual Rate of Compound Interest given Final Amount?
The Annual Rate of Compound Interest given Final Amount formula is defined as the percent of the interest paid over the principal amount for the due period compounded annually, and is calculated using the final amount of Compound Interest and is represented as rAnnual = 100*((AAnnual/PAnnual)^(1/tAnnual)-1) or Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1). Final Amount of Annual CI is the total amount received or paid back, including the amount invested or borrowed initially, and interest on it for given time period at fixed rate compounded annually, Principal Amount of Annual Compound Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time compounded annually & Time period of Annual Compound Interest is the number of years for which the principal amount is invested, borrowed, or lent at a fixed rate compounded annually.
How to calculate Annual Rate of Compound Interest given Final Amount?
The Annual Rate of Compound Interest given Final Amount formula is defined as the percent of the interest paid over the principal amount for the due period compounded annually, and is calculated using the final amount of Compound Interest is calculated using Annual Rate of Compound Interest = 100*((Final Amount of Annual CI/Principal Amount of Annual Compound Interest)^(1/Time Period of Annual Compound Interest)-1). To calculate Annual Rate of Compound Interest given Final Amount, you need Final Amount of Annual CI (AAnnual), Principal Amount of Annual Compound Interest (PAnnual) & Time Period of Annual Compound Interest (tAnnual). With our tool, you need to enter the respective value for Final Amount of Annual CI, Principal Amount of Annual Compound Interest & Time Period of Annual Compound Interest and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
How many ways are there to calculate Annual Rate of Compound Interest?
In this formula, Annual Rate of Compound Interest uses Final Amount of Annual CI, Principal Amount of Annual Compound Interest & Time Period of Annual Compound Interest. We can use 1 other way(s) to calculate the same, which is/are as follows -
  • Annual Rate of Compound Interest = 100*((Annual Compound Interest/Principal Amount of Annual Compound Interest+1)^(1/Time Period of Annual Compound Interest)-1)
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