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Basic Math Examples
A=1000(1+0.0312)12A=1000(1+0.0312)12
Step 1
Divide 0.030.03 by 1212.
A=1000(1+0.0025)12A=1000(1+0.0025)12
Step 2
Add 11 and 0.00250.0025.
A=1000⋅1.002512A=1000⋅1.002512
Step 3
Raise 1.00251.0025 to the power of 1212.
A=1000⋅1.03041595A=1000⋅1.03041595
Step 4
Multiply 10001000 by 1.030415951.03041595.
A=1030.41595691A=1030.41595691