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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.
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
310,685
The interest on 700.00 since 2002 would really depend on what the percentage of the bank is. If interest was 10 percent you would have $2196.90.
5 million
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.
over $700,000
With compounded interest, it would be 100*(1 + 11/100)10 = 283.94
If the interest rate was eight percent, it would take about 9 years to double your principle.
10 years. Compound interest would take 7 years.
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
Using the formula P x [ 1 plus r x t],where 'P' is the principal or 100 , 'r 'is the rate or 11 percent, and 't' is the time or 10 years, the value would be 210 dollars. This formula is for simple interest.
Simple interest would be 360
Simple interest would be 1040
You would say the latter. eigh percent of microchips ARE defective