Answer Happy

Posted: **Mon Nov 15, 2021 5:10 pm**

: If 2000 Is Invested At 12 Compound Annual Interest What Value Will It Reach After 5 Years If The Interest Is Reinves 1 (39.75 KiB) Viewed 83 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?