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

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 $

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