Investing and Financial Markets
If you put 100 dollars at 10 percent interest for 100 years how much money would you have?
One Hundred $ at 10% int for 100 years
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