If £ 2000 is invested at 12% compound annual interest, what value will it reach after 5 years if the interest is reinves

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

If £ 2000 is invested at 12% compound annual interest, what value will it reach after 5 years if the interest is reinves

Post by answerhappygod »

If 2000 Is Invested At 12 Compound Annual Interest What Value Will It Reach After 5 Years If The Interest Is Reinves 1
If 2000 Is Invested At 12 Compound Annual Interest What Value Will It Reach After 5 Years If The Interest Is Reinves 1 (39.86 KiB) Viewed 88 times
If £ 2000 is invested at 12% compound annual interest, what value will it reach after 5 years if the interest is reinvested every six months? With the same annual interest rate, how long will it take to triple the initial capital if it is reinvested every 3 months?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”