1% of 50,000 is 500.
You would earn 1750.
20,000
You will earn 1000000*4/100 = 40000.
21.28
$2500
1% of 50,000 is 500.
60,000
You would earn 1750.
300.00
40
20,000
You will earn 1000000*4/100 = 40000.
21.28
21.28
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
16% of 50,000= 16% * 50000= 0.16 * 50000= 8,000