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Earn +20 ptsQ: What is 100 compounded 5 percent yearly for 50 years?
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What is 3 percent of 100.00 per annum for 6 years?
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.
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years?
161.35
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years?
187.32
How many years will it take for a 50 investment to grow to 100 if it is compounded continuously at a rate of 10 percent?
in 8 years it wll be 107.179
How much would 100 invested at 8 percent interest compounded annually be worth after 15 years?
$100 (1.08)15 = $317.22 (rounded)
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