Inserting values into the formula for compound interest, you get:4100 * (1 + 3.75/100) to the power 6.
No calculator has been provided.
twoo '
It might just be 10%.
(2)1/21 = 1.03356 (rounded)That's an annual interest of 3.356 percent.Let's try it:(1.03356)21 = 2.00009 on my calculator, which is pretty close.
Total value = 20000*(1.06)2 = 22472 So interest = 2472
500 invested for 5 years at 7% interest compounded annually becomes 701.28
Answer: 9.1% At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.
"Compounded annually" means that the interest is added once a year.
Assuming that 1.5 refers to 1.5% and that the interest is compounded annually, the principal is 893.30
Twice
twoo '
Once.
It might just be 10%.
It is 52936.72
8.0432 years (rounded) if compounded annually.
(2)1/21 = 1.03356 (rounded)That's an annual interest of 3.356 percent.Let's try it:(1.03356)21 = 2.00009 on my calculator, which is pretty close.
1 for me Ap#x
Interest = 2472