Mathematics- Finance Flashcards
1
Q
Simple interest
A
A - final amount
P- initial amount
i - interest rate expressed as a decimal fraction (r/100)
n- number of time intervals (years)
2
Q
A=
A
P(1+in)
3
Q
P=
A
A/(1+in)
4
Q
n=
A
(A-P)/Pi
5
Q
i=
A
(A-P)/Pn
6
Q
Simple interest (SI) =
A
Pin
7
Q
Compound interest
A
A- final amount
P- initial amount
i- interest rate
n- number of years
8
Q
A=
A
P(1+i)n as an exponent
