At an interest rate of 15per year an investment of 100000 on
At an interest rate of 15%per year, an investment of $100,000 one year ago is equivalent to how much now?
At an interest rate of 15%per year, an investment of $100,000 one year ago is equivalent to how much now?
Solution
15% of $ 100,000= $ 1500
So the total money summed up now is $ ( 100,000+ 15,000) = $ 115,000
