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What is 3 percent of 100.00 per annum for 6 years?

Updated: 9/20/2023

Wiki User

∙ 13y ago

Best Answer

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.

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∙ 13y ago

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