Jessie invests $3345 in the stock market. Over the 3 years she has this invested she gets an average

Discussion in 'Calculator Requests' started by math_celebrity, May 14, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Jessie invests $3345 in the stock market. Over the 3 years she has this invested she gets an average return of 7.8%. How much will her investment be worth after the 3 years?

    7.8% = 0.078, so we use our compound interest formula to find our balance after 3 years.

    Using our compound interest balance calculator, we get:
    $4,190.37
     

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