Compound Interest = Total amount of Principal and Interest in future (or Future Value) less the Principal amount at present called Present Value (PV). PV is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
Formula:
FV = PV(1 + (r / m))mt
Where,FV = Future Value
PV = Present Value
m = Compounding Period Per Year
r = Annual Rate
t = Years