Compound Interest given Final Amount Calculator

✖Final Amount of CI is the total amount received/paid back, including the amount invested/borrowed initially, and interest on it for given time period at fixed rate compounded n-times a year.ⓘ Final Amount of CI [A]			+10% -10%
✖Principal Amount of Compound Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time compounded n-times a year.ⓘ Principal Amount of Compound Interest [P]			+10% -10%

✖Compound Interest is the extra amount gained/paid on the principal amount for the time period at a fixed rate compounded n-times a year.ⓘ Compound Interest given Final Amount [CI]

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Compound Interest given Final Amount Solution

STEP 0: Pre-Calculation Summary

Formula Used

Compound Interest = Final Amount of CI-Principal Amount of Compound Interest
CI = A-P
This formula uses 3 Variables

Variables Used

Compound Interest - Compound Interest is the extra amount gained/paid on the principal amount for the time period at a fixed rate compounded n-times a year.
Final Amount of CI - Final Amount of CI is the total amount received/paid back, including the amount invested/borrowed initially, and interest on it for given time period at fixed rate compounded n-times a year.
Principal Amount of Compound Interest - Principal Amount of Compound Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time compounded n-times a year.

STEP 1: Convert Input(s) to Base Unit

Final Amount of CI: 1161 --> No Conversion Required
Principal Amount of Compound Interest: 1000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

CI = A-P --> 1161-1000

Evaluating ... ...

CI = 161

STEP 3: Convert Result to Output's Unit

161 --> No Conversion Required

FINAL ANSWER

161 <-- Compound Interest

(Calculation completed in 00.004 seconds)

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Created by Dhruv Walia

Indian Institute of Technology, Indian School of Mines, DHANBAD (IIT ISM), Dhanbad, Jharkhand

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< Compound Interest Calculators

Compound Interest Formula

LaTeX Go Compound Interest = Principal Amount of Compound Interest*((1+Rate of Compound Interest/(No. of Times Interest Compounded Per Year*100))^(No. of Times Interest Compounded Per Year*Time Period of Compound Interest)-1)

Compound Interest given Final Amount

LaTeX Go Compound Interest = Final Amount of CI-Principal Amount of Compound Interest

Compound Interest given Final Amount Formula

LaTeX Go

Compound Interest = Final Amount of CI-Principal Amount of Compound Interest
CI = A-P

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 Compound Interest given Final Amount?

Compound Interest given Final Amount calculator uses Compound Interest = Final Amount of CI-Principal Amount of Compound Interest to calculate the Compound Interest, The Compound Interest given Final Amount formula is defined as the extra amount gained/paid on the principal amount for the time period at a fixed rate compounded n-times a year, and is calculated using the final amount of Compound Interest. Compound Interest is denoted by CI symbol.

How to calculate Compound Interest given Final Amount using this online calculator? To use this online calculator for Compound Interest given Final Amount, enter Final Amount of CI (A) & Principal Amount of Compound Interest (P) and hit the calculate button. Here is how the Compound Interest given Final Amount calculation can be explained with given input values -> 161 = 1161-1000.

FAQ

What is Compound Interest given Final Amount?

The Compound Interest given Final Amount formula is defined as the extra amount gained/paid on the principal amount for the time period at a fixed rate compounded n-times a year, and is calculated using the final amount of Compound Interest and is represented as CI = A-P or Compound Interest = Final Amount of CI-Principal Amount of Compound Interest. Final Amount of CI is the total amount received/paid back, including the amount invested/borrowed initially, and interest on it for given time period at fixed rate compounded n-times a year & Principal Amount of Compound Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time compounded n-times a year.

How to calculate Compound Interest given Final Amount?

The Compound Interest given Final Amount formula is defined as the extra amount gained/paid on the principal amount for the time period at a fixed rate compounded n-times a year, and is calculated using the final amount of Compound Interest is calculated using Compound Interest = Final Amount of CI-Principal Amount of Compound Interest. To calculate Compound Interest given Final Amount, you need Final Amount of CI (A) & Principal Amount of Compound Interest (P). With our tool, you need to enter the respective value for Final Amount of CI & Principal Amount of 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 Compound Interest?

In this formula, Compound Interest uses Final Amount of CI & Principal Amount of Compound Interest. We can use 1 other way(s) to calculate the same, which is/are as follows -

Compound Interest = Principal Amount of Compound Interest*((1+Rate of Compound Interest/(No. of Times Interest Compounded Per Year*100))^(No. of Times Interest Compounded Per Year*Time Period of Compound Interest)-1)

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