1 percent of 250 million is 2.5 million .
The accumulation per year depends on whether it's simple, annual interest,
or whether it's compounded at some interval during the year.
You also need to know whether it's going to be compounded after the first year,
because if it is, then you head into the second year owing 252.5 million, not 250.
300
2010.00
The annual (or annualised) interest rate.
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
150,000 per year (simple interest, no compounding)
"4045.50"
$4,500
1 percent of 2,000 is 20 .
That's not a number.
year
The interest for 1 year is 37.00, whether it is simple or compound interest.
300
200
2010.00
The annual (or annualised) interest rate.
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.