705.79
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
610.5
$491
332.01
$5,790
814.45
1006.10
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
125 x (1.08)^14 = 367.15 If 125 is in cents, then to the nearest cent it is 367 If 125 is in dollars, then to the nearest cent it is as above, namely 367.15
610.5
187.32
value = Amount × (1 + APR/100)^years → value = 500 × (1 + 7/100)^4 = 500 × 1.07^4 ≈ 655.40
The rate is 15.56%. The amount invested is irrelevant in this calculation.
First include a unit of currency. I will use pounds, but if the answer is in dollars, simply replace the sign at the front of this sum to a dollar sign. The sum you are looking for is: £120000 x 1.0410 Rounded to the nearest penny (or cent, as appropriate), this is equal to £177629.31.
Rounded to the nearest cent, $15000 x 1.0415 = $27014.15
$491
332.01