Question:

What is the best math formula for finding compounded intrest and at what percent a principle was compounded?

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I am really bad at math and, need a little help simple answers please

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  1. This one is pretty simple:

    F = P (1 + i)^n

    where: F = final value; P = present value; i = interest rate per compounding period; n = number of compounding periods

    To find the interest (and just the interest), that's F - P

    To find the percent at which it was compounded...

    i = (F/P)^(1/n) - 1

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