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.
Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
79.17
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According to "The Telegraph," the UK interest rate is currently at 0.5 percent. "The Telegraph is also predicting that the interest rate will remain at 0.5 percent for the next 4 years.
1359.45
sg like this: input= 100.0; years= 7; percent= 4; output = input * pow (1.0 + percent/100.0, years);
110.27
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
$44,440.71
Total = 250(1+i)3 Total = 250(1.124864) Total = 281.216 Interest = 281.216-250 = 31.216
Total simple interest = 2500*11/100*3 = 825
$96,946.40
Total = 20(1+i)n Total = 20(1.1236) Total = 22.472 Interest accumulated = 22.472 - 20 = 2.472
The total interest would be 73606.07 dollars, approx.
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
if its simple interest: I = prt = 240 the total money to be returned is 2240
The total interest will be 1160.53 units of currency.