How to calculate compound interest?

9 views (last 30 days)
NAHID SULTANA
NAHID SULTANA on 30 Jul 2020
Commented: Ifeanyi on 9 Feb 2024
We borrowed $1000 money with an annual interest 10%. If we do not pay any penalty in 2 years then how much we owe the money? Answer must be assign in a variable called debt .

Answers (1)

SAA
SAA on 30 Jul 2020
It sounds like this is a copy paste of an assignment but ok
P = 1000; % principle
r=0.1; n=2;
debt = P*(1+r)^n
  1 Comment
Ifeanyi
Ifeanyi on 9 Feb 2024
Thank you for the help. The question confused me for a second.

Sign in to comment.

Tags

Products

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!