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A principal of 3900 is invested at 7.25 percent interest compounded annually How much will the investment be worth after 8 years?
Wiki User
∙ 13y ago
Here is how you calculate this. Each year, the money increases by a factor of 1.0725. That is 1 for the original capital, plus the 7.25% or 7.25/100. So, after 8 years, you will have:
3900 x 1.0725 x 1.0725 x ... x 1.0725 = 3900 x 1.07258.
Wiki User
∙ 13y ago
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How many times interest be added to the principal in one year if the interest is compounded semi-annually?
twoo '
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
What is Principal of 4100 is invested 3.75 interest compounded annually. How much will the investment be worth after 6 years Use the calculator provided and round your answer to the nearest dollar.?
Inserting values into the formula for compound interest, you get:4100 * (1 + 3.75/100) to the power 6.
How much would 200 invested at 6 interest compounded annually be worth after 6 years?
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70
How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
How many times interest be added to the principal in one year if the interest is compounded semi annually?
Twice
How many times interest be added to the principal in one year if the interest is compounded semi-annually?
twoo '
How many times will interest be added to the principal in 1 year if the interest rate is compounded annually?
Once.
What is the principal if the Interest earned is 27.00 for 2 years at 1.5?
Assuming that 1.5 refers to 1.5% and that the interest is compounded annually, the principal is 893.30
How many times will interest be added to the principal in 1 year if the interest is compounded annually?
1 for me Ap#x
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
What does compounded annually mean?
At the end of the year the interest is deposited in the account. The next year the interest is figured on the principal plus last year's interest.
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 .
How many years will it take for an investment to double if the interest rate is 8 percent per year compounded annually?
11 years
A loan at 6 percent interest over 5 years What is the total output?
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.
How do you calculate principal and interest when amountrate of interest and time period is given?
The amount, P, is the principal. If the rate is r% compounded annually for y years, then the total interest earned is P*[(1 + r/100)^y - 1]
