If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
187.32
161.35
in 8 years it wll be 107.179
$100 (1.08)15 = $317.22 (rounded)
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
$19.22 (rounded)
332.01
187.32
161.35
in 8 years it wll be 107.179
$100 (1.08)15 = $317.22 (rounded)
Approx 69.661 years if the interest is compounded. 100 years otherwise.
100 x (1.05)4 = $121.55
It will be worth 417.72, approx.
With compounded interest, it would be 100*(1 + 11/100)10 = 283.94
Five percent of 2000 is 100. On a yearly basis, the amount accumulates to 500 in ten years.