how to calculate compound interest in a function

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Hw do I calculate compound interest in a function procedure
This is the code that I used but it doesn't work:
Private FunctionCalcInvestBalance(ByRef amount As Double, _
ByRef years As Double, _
ByRef rate As Double) As Double

Dim balance As Double
Balance = amount * (1 + rate) ^ years
Return balance
End function

Posted 24-Jun-12 23:39pm

Terence Jonkers

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dimpledevani 25-Jun-12 5:43am

Didnt understood your question. Doesnt work means what??

Terence Jonkers 25-Jun-12 6:49am

When I call the function, it doesn't display the balance

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Sandeep Mewara · Answer 1 · 2012-06-24T23:50:00

Solution 1

Here:
MS Support: How to Calculate Compound Interest[^]
Calculating compound interest[^]

Posted 24-Jun-12 23:50pm

Sandeep Mewara