Math CentralQuandaries & Queries


Question from Allison, a parent:

Have $1000.00 in saving account compound annual interest rate 6%
please calculate what it is worth 3 years, 5 years and 10 years?

Hello Allison,

There are some good online calculators for just this sort of thing.
Check out these links,

Or, if you want to see the formula behind it, check out this link:

Hope this helps,

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