Compound interest worksheet

This is a worksheet that is used by the students to find out the compound interest either with formula or without formula. However, this should also be kept in mind that anyone who is going to invest somewhere he needs to calculate compound interest. Compound interest is a phenomenon in which a person may be charged more for a loan than a simple interest rate, or it can happen that person gets more money in return. Compound interest is interest on a principal sum. The formula which is often used to calculate compound interest is M = P( 1 + i )n. Moreover, understanding the calculation of compound interest can benefit when determining payments for loans. A compound interest worksheet can be very beneficial for students and for those who do not know how to calculate the compound interest rate. The main aim of such a worksheet is to facilitate the students and to resolve all their issues regarding the calculations. Moreover, this worksheet is very helpful in giving outright and accurate results. Distance formula worksheet’s main objective is to create ease for the students and make them feel relax while customizing the problems. It facilitates the students in their work.