Compounded yearly, you would end up with $11,901.16
Chat with our AI personalities
6% of 10000 = 10000*6/100 = 600
3000
6% of 100.00= 6% * 100= 0.06 * 100= 6.00
0.06% = 0.0006 = 6/10000 or 3/5000 in fraction
1/100 is 1% so 1/1000 is 0.1% so 1/10000 is 0.01% therefore 6/10000 is 0.06% this cancels down to 3/5000