Question 950143
<pre>
The formula to calculate interest and update balance is {{{A= P(1+(r/n))^nt}}}.
A = amount
P = initial amount
r = interest rate
n = times per year
t = amount of years
Is {{{A-P}}} the same as  {{{P(r/n)^nt}}}?
I need just the amount of interest calculated.
*********************************************<font color = blue><font  size = 2><font face = tahoma><b>
@lwsshak3(11628) is misleading you. Then again, he/she/it probably doesn't know any better. So, as stated by
@Ikleyn, IGNORE all that RUBBISH that that respondent is trying to "feed" you.  

From the compound-interest formula, it's clearly obvious that {{{1 + n/r}}} is being RAISED to the {{{(nt)^(th)}}} power,
so you CANNOT DISTRIBUTE P to the {{{(1 + n/t)^(nt)}}}. In other words, {{{A = P(1 + (r/n))^nt}}} CANNOT be DISTRIBUTED,
at this point, and WRITTEN as: {{{A = P + P(r/n)^(nt)}}}, or A - P = {{{P(r/n)^(nt)}}}.

No-one can provide you with actual amounts, since you didn't provide amounts, in the first place.

In the compound-interest formula, {{{A = P(1 + (r/n))^nt}}}, there are 5 variables. To find A, you need the other 4
variables (P, r, n, anf t). Assuming you have these 4, and you've calculated A, you then need to SUBTRACT P
from your newly-calculated A. This will give you the INTEREST amount.</font></font></font></b></pre>