1000*(1 + 12/100)9 = 1000*(1.12)9 = 2773.08
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
0.9938% per month, when compounded is equivalent to 12.6% annually.
yearly/annually
60
4690
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
It means the percent of interest paid annually (p.a. means per annum).
0.9938% per month, when compounded is equivalent to 12.6% annually.
annum = one year per annum = per year annually = yearly
It will grow to nine eighths of the original sum.
yearly/annually
annually/ yearly
8.6% per annum compounded annually
60.75 per annum.
11501 per annum.
216% per annum
The nominal rate of return adjusted for more frequent calculations (compounding) than once per annum.