Perjury is considered a serious offense as it can be used to usurp the power of the courts, resulting in miscarriages of justice. In the United States, for example, the general perjury statute under Federal law classifies perjury as a felony and provides for a prison sentence of up to five years.
Effective interest rate for t periods, i t = (1 + i) t - 1 or as one equation i t = (1 + (r / m)) mt - 1. The rate per compounding period P = R / m, in percent.
Formula for Compound Interest. Compound interest is a great thing when you are earning it! Compound interest is when a bank pays interest on both the principal (the original amount of money) and the interest an account has already earned. To calculate compound interest use the formula below.