Christopher has $25 000 to invest. He finds a bank who will pay an interest rate of 5.65% p.a compou

Discussion in 'Calculator Requests' started by math_celebrity, Aug 14, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Christopher has $25 000 to invest. He finds a bank who will pay an interest rate of 5.65% p.a compounded annually. What will the total balance be after 6 years?

    Using our compound interest balance calculator, we get:
    34,766.18
     

Share This Page