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1 November, 15:29

I am having trouble in personal finance and need to learn how to figure out S=P (1+rt) and P=S (1+rt). Can someone assist me in learning these formulas?

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  1. 1 November, 16:55
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    A=p (1+rt)

    A=future value

    P=present value

    R=interest rate

    T=time

    If you want to find present value

    P=A / (1+rt)

    If you want to find interest rate

    R=[ (A/p) - 1]divided by t

    Finally if you want to find time

    T=[ (A/p) - 1]divided by r
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