How to calculate compound interest?

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 .

Antworten (1)

SAA
SAA am 30 Jul. 2020

0 Stimmen

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 Kommentar

Ifeanyi
Ifeanyi am 9 Feb. 2024
Thank you for the help. The question confused me for a second.

Melden Sie sich an, um zu kommentieren.

Kategorien

Mehr zu Financial Toolbox finden Sie in Hilfe-Center und File Exchange

Produkte

Tags

Gefragt:

am 30 Jul. 2020

Kommentiert:

am 9 Feb. 2024

Community Treasure Hunt

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

Start Hunting!

Translated by