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How much will 3500 dollars be worth in three years with one percent interest?
Wiki User
∙ 10y ago
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate:
3500 x 1.013
Wiki User
∙ 10y ago
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What will 85000 dollars be worth in 20 years at 5 percent interest?
225,530.30
What is 7 percent of 300 dollars compounded quarterly at annual interest rate?
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
How much would 125 dollars invested at 8 percent interest compounded annually be worth after 14 years?
$125 times (1.08)14 = $367.15 (rounded)
One thousand dollars is invested at 12 percent interest compounded monthly determine how much the investment is worth after 1 year?
1000 x (1.01)12 = $1126.83
How much would 400 invested at 7 percent interest compounded continuously be worth after 2 years?
It will be worth 457.96
What will 85000 dollars be worth in 20 years at 5 percent interest?
225,530.30
How much would 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?
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 .
What is 7 percent of 300 dollars compounded quarterly at annual interest rate?
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
What is the worth of 14100 in 7 years WITH 5 percent interest?
19035 by simple interest
How much would 125 dollars invested at 8 percent interest compounded annually be worth after 14 years?
$125 times (1.08)14 = $367.15 (rounded)
One thousand dollars is invested at 12 percent interest compounded monthly determine how much the investment is worth after 1 year?
1000 x (1.01)12 = $1126.83
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or when it is 10 percent?
10 percent.
What were the three stooges worth?
The Three Stooges each have a net worth of about ten million dollars.
How much will 2000 dollars grow if it is compounded daily for 7 years at 6 percent compounding interest?
If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.
What would one million dollars be worth at 5 percent interest after 75 years?
Interest = Principal x Rate x Time (years) = $1000000 x 0.05 x 75 = $3750000 $3750000 + $1000000 = $4750000 Answer: $1M will be $4.75M at 5% interest after 75 years
