1st year - $234 2nd year - $273.78 3rd year - $320.32 4th year - $374.77 By the way, if you know of an investment product that can return these kinds of figures, LET ME KNOW.
Assuming the interest is NOT compound - 3 years !
Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40
The interest for 1 year is 37.00, whether it is simple or compound interest.
40 x 5 x 5 = 1000
Total (compound interest) = principal x (rate+ 1)^time, so plug in. 2500 x (1.035)^48 = 13033.9725. You can round this to 13,033.97
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
9.85 years, approx.
The interest will be 8973.59 approx.
4408.992
The annual compound interest rate is 18 percent.
Eleven..? months? years?. Simple or compound interest?
$44,440.71