annual Interest rate - Calculation

How can I calculate the final amount taking into account an annual interest rate (eg for a loan)?

I mean what is the mathematic type that I can calculate the final ammount after annual rate?

Answer 1

[Ameer Hamza]

This is not really a MATLAB question. You can get more information about this on some forums related to economics and finance. For example, check the following links

https://www.investopedia.com/terms/a/apr.asp

https://www.investopedia.com/terms/c/compoundinterest.asp

In general, if the interest is allowed to grow without any external interference, it will follow an exponential growth curve.