As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate:
3500 x 1.013
225,530.30
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
$125 times (1.08)14 = $367.15 (rounded)
1000 x (1.01)12 = $1126.83
It will be worth 457.96
225,530.30
$280.51
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
19035 by simple interest
$125 times (1.08)14 = $367.15 (rounded)
1000 x (1.01)12 = $1126.83
The Three Stooges each have a net worth of about ten million dollars.
10 percent.
If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.
1/10th of 1 percent