249.88 dollars
You would need 9687 dollars.
It depends on the interest rate at which the amount is invested.
The answer depends on the rate of interest.
It depends on how you are evaluating it. For example, was it invested and drawing interest?
3000*(7/100)*(6/12) = 105 dollars
You would need 9687 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.
It depends on the interest rate at which the amount is invested.
72
The answer depends on the rate of interest.
It depends on how you are evaluating it. For example, was it invested and drawing interest?
3000*(7/100)*(6/12) = 105 dollars
$280.51
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
If you would have gotten 10% interest, your money would have doubled every 7 years.
700
If one thousand dollars is invested at an interest rate of 9% per year, the interest earned after the first year would be $90 (calculated as 0.09 x 1000). This interest is added to the principal, making the new principal $1,090. In the second year, the interest earned on this new principal would be $98.10 (calculated as 0.09 x 1090).