Shortcuts for Calculating Compound Interest

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Shortcuts for Calculating Compound Interest

Here is a shortcut trick for calculation of compound interest for 2 and 3 years. Instead of putting formulas and doing long calculation you can use the short tricks according to given percentage

CI for 2 Years                                                                                   CI For 3 Years

2% 4.04% 2% 6.12%
3% 6.09% 3% 9.27
4% 8.16% 4% 12.48
5% 10.25% 5% 15.76
6% 12.36% 6% 19.10
7% 14.49& 7% 22.50
8% 16.64% 8% 25.97
9% 18.81% 9% 29.50
10% 21% 10% 33.10
11% 23.21% 11% 36.76
12% 25.44% 12% 40.49
13% 27.69 13% 44.28
14% 29.96 14% 48.15
15% 32.25 15% 52.08
16% 34.56 16% 56.08
17% 36.89 17% 60.16
18% 39.24 18% 64.30
19% 41.61 19% 68.51
20% 44.00 20% 72.80