What is the formula for calculating interest rates when the present value, the years and the future value is given?:confused:

Remember this formula:


FV = PV(1+i)^n


where:
FV = future value
PV = present value
i = interest rate per period (typically years)
n = period (typicaly years).

In this case you need to rearrange the formula to get i by itself:


i = \( \frac {FV} {PV} \) ^ {1/n} -1


Hope this helps.