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

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
ReneRene
Change my mind. I dare you.
Chat with Rene
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve

Add your answer:

Earn +20 pts
Q: What will 10000 be worth after 5 years at 5 percent?
Write your answer...
Submit
Still have questions?
magnify glass
imp