document.write( "Question 950143: The formula to calculate interest and update balance is $\"A=+P%281%2B%28r%2Fn%29%29%5Ent\"$ .
\n" ); document.write( "A = amount
\n" ); document.write( "P = initial amount
\n" ); document.write( "r = interest rate
\n" ); document.write( "n = times per year
\n" ); document.write( "t = amount of years\r
\n" ); document.write( "\n" ); document.write( "Is $\"A-P\"$ the same as $\"P%28r%2Fn%29%5Ent\"$ ?\r
\n" ); document.write( "\n" ); document.write( "I need just the amount of interest calculated.\r
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Algebra.Com's Answer #854614 by MathTherapy(10858) $\"\"$ $\"About$

You can put this solution on YOUR website!

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document.write( "The formula to calculate interest and update balance is .\r\n" );
document.write( "A = amount\r\n" );
document.write( "P = initial amount\r\n" );
document.write( "r = interest rate\r\n" );
document.write( "n = times per year\r\n" );
document.write( "t = amount of years\r\n" );
document.write( "Is  the same as  ?\r\n" );
document.write( "I need just the amount of interest calculated.\r\n" );
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document.write( "@lwsshak3(11628) is misleading you. Then again, he/she/it probably doesn't know any better. So, as stated by\r\n" );
document.write( "@Ikleyn, IGNORE all that RUBBISH that that respondent is trying to \"feed\" you.  \r\n" );
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document.write( "From the compound-interest formula, it's clearly obvious that  is being RAISED to the  power,\r\n" );
document.write( "so you CANNOT DISTRIBUTE P to the . In other words,  CANNOT be DISTRIBUTED,\r\n" );
document.write( "at this point, and WRITTEN as: , or A - P = .\r\n" );
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document.write( "No-one can provide you with actual amounts, since you didn't provide amounts, in the first place.\r\n" );
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document.write( "In the compound-interest formula, , there are 5 variables. To find A, you need the other 4\r\n" );
document.write( "variables (P, r, n, anf t). Assuming you have these 4, and you've calculated A, you then need to SUBTRACT P\r\n" );
document.write( "from your newly-calculated A. This will give you the INTEREST amount.

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