A = P(1 + (r ÷ n))^{nt}

Where,

**A** is the final amount.

**P** is the initial principal amount.

**r** is the annual interest rate.

**n** is the number of times interest applied per time period.

**t** is the number of time periods elapsed.

From this, we get to know that your Interest value depends on 4 factors: The initial principal amount, annual interest rate, number of times interest applied per time period, and number of time periods elapsed.

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