$5,790
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
705.79
$491
332.01
610.5
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
Rounded to the nearest cent, $15000 x 1.0415 = $27014.15
705.79
1006.10
814.45
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
Inserting values into the formula for compound interest, you get:4100 * (1 + 3.75/100) to the power 6.
value = Amount × (1 + APR/100)^years → value = 500 × (1 + 7/100)^4 = 500 × 1.07^4 ≈ 655.40
It is 17.5%.
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.
$491
332.01