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13 December, 06:46

Principle=$745 rate = 9% time = 4years

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  1. 13 December, 06:54
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    Based on a yearly rate (which is the norm) I give you my answer ...

    Your principle is at 745$

    Annual Rate 9%

    For the first year your principle will grow by 67.05 $ if untouched (9%) up to 812.05 $

    2nd year ... 9% of the 812.05 $ is 73.0845 $ ... So by the 2nd year you reach 885.1345 $

    3rd year ... 79.662105 $ ... Total 964.796605 $

    4th year ... 86.83169445 $ ... Final 4 Years Total 1051.62829945 $
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