Why are there two different Compound Interest formulas?

386 views · Published 20 February 2017 · 9:18 · Indexed 23 October 2026

Channel: Magic Monk · 2017 · Education

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So you might have been taught a compound interest formula but when you looked up how to do it on the internet, they use a different formula. Here I show you why those formulas are exactly the same, so you can choose which ever one of them you want to use (as long as you substitute the correct values in).

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