If t is the period in years, then
the value of the investment after t years satisfies the equation
Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
3
3 months
Depends on how you invested it and what rate of return that investment delivered.
Simple interest is the interest you earn on your principal, IE the amount of your original investment. For example, you put 1000 dollars in a saving account paying 3% per annum. At the end of the year you will have earned 30 dollars on that one thousand dollars. If you leave the principal and interest in the account for another year you will earn another 30.00 on your original 1000 dollars plus .90 interest. on the first 30.00 dollars interest. This gives you a total of 1060.90 in your second year. In each succeeding year you will earn interest on your interest plus interest on your original principal which, if left alone will add up to a substantial some given the power of compound interest. One caveat, compound interest is a double edged sword. If you have a loan and fail to make your monthly payments on time, compound interest will gut you financially.
2 years. 10% of 500 is 50.
3 months
3
75 x 7 x 2 = 1050
Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment
The amount of interest you would earn on 122 million pounds will usually vary between 1 and 5 percent. The actual amount varies greatly based on the type of investment and their returns.
Depends on how you invested it and what rate of return that investment delivered.
>I=Prt > 300=1000(0.03)t > t=10 Time duration will be 10 years.
Simple interest is the interest you earn on your principal, IE the amount of your original investment. For example, you put 1000 dollars in a saving account paying 3% per annum. At the end of the year you will have earned 30 dollars on that one thousand dollars. If you leave the principal and interest in the account for another year you will earn another 30.00 on your original 1000 dollars plus .90 interest. on the first 30.00 dollars interest. This gives you a total of 1060.90 in your second year. In each succeeding year you will earn interest on your interest plus interest on your original principal which, if left alone will add up to a substantial some given the power of compound interest. One caveat, compound interest is a double edged sword. If you have a loan and fail to make your monthly payments on time, compound interest will gut you financially.
2 years. 10% of 500 is 50.
Hey bro if you invest 1000 dollars in my Company I can get you somewhere between 8500 to 10000 dollars back within 12 hours.
You would earn 1750.
Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.