Calculate compound-interest-1000-at-10pct-for-5-years

Calculate simple interest, compound interest, loan payments and more — step by step.

Problem

Answer

Interest: $-693.51, Total: $-1,693.51

To calculate compound interest on $-1,000.00 at -10.0% for -5.0 years (compounded annually), follow the step-by-step solution below.

Step 1 — Write the formula

A = P × (1 + r/n)^n×t

Step 2 — Identify the values

P = $-1,000.00 (principal), r = -10.0% = -0.1 (annual rate), n = 1 (compounds per year), t = -5.0 (years)

Step 3 — Substitute and calculate

A = -1,000.00 × (1 + -0.11)^{1 × -5.0}

= -1,000.00 × (0.900000)^-5

= -1,000.00 × 1.693509

= $-1,693.51

Step 4 — Find the interest earned

Interest = A − P = -1,693.51 − -1,000.00 = $-693.51

Interest: $-693.51 | Total: $-1,693.51

How to calculate compound-interest-1000-at-10pct-for-5-years

Follow the step-by-step solution above to see how compound-interest-1000-at-10pct-for-5-years is solved.

This is a Finance — financial calculation

Frequently asked questions

What is the answer to compound-interest-1000-at-10pct-for-5-years?
The answer is Interest: $-693.51, Total: $-1,693.51.

What method is used?
Financial calculations use formulas for interest, present/future value, and amortization to determine costs and returns over time.

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