Your yearly worth in the bank account that had 200 dollars invested @ 6% rate of interest for 6 years would be:
a. end of year 1 - 212
b. year 2 - 224.72
c. year 3 - 238.20
d. year 4 - 252.495
e. year 5 - 267.645
f. year 6 - 283.70
39,337.20
390.45
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
Compounded annually, that's 14,624.31
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
500 invested for 5 years at 7% interest compounded annually becomes 701.28
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
267.65
280.51
1095.91
$428.24
655.40
814.45
1006.1
$280.51
$4,061.04