How to calculate daily compound interest?

98 viewsOctober 7, 2024Community Technical Support

Luwis K 656 October 7, 2024

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I used application on play store to calculate daily compound interest rate of my investment Can someone here who can tell me if the results are correct or no please Or suggest me a good application please?

Dilshan Tharindu Perera Answered question October 7, 2024

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Dilshan Tharindu Perera 629 Posted October 7, 2024

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FV = PV * (1 + r)n

Future Value Portfolio Value R is rate of gain N is number of years or time period

Example: At 7 percent gain over ten years.

30000 x (1 + .07)10 = 59000

Dilshan Tharindu Perera Answered question October 7, 2024