Total value = 20000*(1.06)2 = 22472
So interest = 2472
year
It might just be 10%.
500 invested for 5 years at 7% interest compounded annually becomes 701.28
8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.
750 invested for 10 years at 10% pa would be 1,945
Interest = 2472
11 years
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
year
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
It might just be 10%.
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
Compounded annually: 2552.56 Compounded monthly: 2566.72
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.
1257
8.0432 years (rounded) if compounded annually.