rose by 1 percent
1000 x (1.01)12 = $1126.83
$2,500 is your answer
The sum you need is: 500 * 0.05^6. (Obviously, this sum gives "how much money you will have", not how much it will be worth, since inflation or other factors are not taken into account).
Interest = (Principal x Time X Rate)/100 so in this case interest = (1000 x 3 x 9)/100 = 2700/100 = 27
rose by 1 percent
rose by 1 percent
rose by 1 percent
jenny has thrice as much money invested in 15% as she invested at 12%. if she gets 51,300.00 from both investment how much did she invest at each rate?
Your investment will be worth 13.2% more in real terms
1,296 / 1.08 = 1,200
750 invested for 10 years at 10% pa would be 1,945
1000 x (1.01)12 = $1126.83
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
below two percent
n=? PV=-$200 FV=$544 i=8% it will take 13 yrs
Zimebabwe with an inflation rate of 231 million percent.