answersLogoWhite

0

It makes a difference how often the interest is compounded, and

you haven't given that information.

If it's compounded annually, then your 10,000 becomes 12,762.82 after 5 years.

If it's compounded quarterly, then it becomes 12,820.37 .

If it's compounded "daily", then it becomes 12,840.03 .

If it's "simple" (uncompounded) interest, then 10,000 swells to a full 12,500 in 5 years.

User Avatar

Wiki User

14y ago

What else can I help you with?