It depends on how often it is compounded. I'll figure monthly for you.
If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
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To find 0.25% of 15000, you first convert 0.25% to a decimal by dividing by 100, which gives you 0.0025. Then, you multiply 0.0025 by 15000 to get the answer. Therefore, 0.25% of 15000 is 37.5.
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
332.01
A simple interest rate of 10 per cent per year will double a sum of money in ten years.
610.5