You would have $1,378,061.23.
If you want to know how this is done. you use the mathematical Formula for interest rates which is P(1+r)^t where P = Principal (100) r = Rate (10% or .1) and t = Time = 100 years. so 100(1+r)^100 = 1,378,061.234
You would have approximately 200 thousand dollars or more.Assuming, the money is compounded every year, the amount at the end of 40 years would be $220,975.12/-
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
5 million
At six percent, you would make about $6000.
30 percent of 100 dollars would be about $30.00
You would need 9687 dollars.
You would have approximately 200 thousand dollars or more.Assuming, the money is compounded every year, the amount at the end of 40 years would be $220,975.12/-
The total interest would be 73606.07 dollars, approx.
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
128.75
The equation is: 300000 x (1 + 0.1)25 which equals 3250411.8
5 million
At six percent, you would make about $6000.
That would be $20,000.
Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.
It depends on the interest rate. If it was a 10% rate, it would generate $10.00
You would need 6000/0.04 = 150,000.