Period not specified. After 1 year it will be worth 212.
about $16
15.97 approx.
It would be worth 500*(1 + 06*4) = 620
1 percent is much larger than 0.017 percent.
$1,000,000,000
Period not specified. After 1 year it will be worth 212.
about $16
about $5
bout $16
15.97 approx.
1/10th of 1 percent
It would be worth 500*(1 + 06*4) = 620
1 percent is much larger than 0.017 percent.
20 % is one fifth.
$300 x (1 + 1/300)96 = $412.92 (rounded)
1%