To calculate the future value of a $1 deposit after 24 years at an interest rate of 7 percent, we can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (initial deposit), ( r ) is the annual interest rate, and ( n ) is the number of years. Plugging in the values: ( A = 1(1 + 0.07)^{24} ). This results in approximately $5.51, meaning the $1 deposit will be worth about $5.51 after 24 years.
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
about $15
$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter
about 7$, ur welcome (A+)
Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest You will get 3000 every year for a fixed deposit of 50000 @ 6% per year
about $16
>about $15 <
about $5
bout $16
15.97 approx.
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
19035 by simple interest
about $15
10795
about $15
about $15