Solution:
Future value of an Investment at r% for n years is given by:
Future Value = Initial Investment (1 + r/100)n
If r = 10% and n = 10 years
Future Value = 10000(1 + 10/100)10
= 10000(1.1)10
= 10000(2.594)
= $ 25940
Hence the required value is$ 25940.
Summary:
The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
Math worksheets and
visual curriculum
If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
What is 5% interest on $10000? ›You want to know your total interest payment for the entire loan. To start, you'd multiply your principal by your annual interest rate, or $10,000 × 0.05 = $500. Then, you'd multiply this value by the number of years on the loan, or $500 × 5 = $2,500.
How much must you invest at 8% interest today in order to see your investment grow to $8000 in 10 years? ›As illustrated, you must invest $3,704 today to see your investment grow to the desired amount.
What amount invested at the end of each year at 10 percent annually will grow to $10000 at the end of five years? ›Expert-Verified Answer
The amount that needs to be invested at the end of each year at 10 percent annually to grow to $10,000 at the end of five years is $1,723.57. In this case, the future value is $10,000, the interest rate is 10 percent (or 0.10), and the number of periods is five.
If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
What is 10000 of 10 percent interest? ›The principal amount is Rs 10,000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as: A = 10,000 (1+0.1*6) = Rs 16,000.
How much would you have to invest today to receive $15000 in 8 years at 10 percent? ›Short Answer
An investor has to invest $6,997.61 today in order to receive $15,000 in 8 years.
How long will it take $10,000 to grow to $12,000 if it is invested at 9% compounded monthly? To solve an equation with an unknown in the power, we need to use the “logarithm”: ln 1.2 = ln(1.0075)n ln 1.2 = n ln(1.0075) ⇒ n = ln 1.2 ln 1.0075 = 24.4 Therefore, it will take 25 months for $10,000 to grow to $12,000.
How much is $1000 worth at the end of 2 years if the interest rate of 6% is compounded daily? ›Hence, if a two-year savings account containing $1,000 pays a 6% interest rate compounded daily, it will grow to $1,127.49 at the end of two years.
What is the future value of $1000 after 5 years at 10% per year? ›Simple Annual Interest
If a $1,000 investment is held for five years in a savings account with 10% simple interest paid annually, the FV of the $1,000 equals $1,000 × [1 + (0.10 x 5)], or $1,500.
The table below shows the present value (PV) of $1,000 in 20 years for interest rates from 2% to 30%. As you will see, the future value of $1,000 over 20 years can range from $1,485.95 to $190,049.64.
How long will it take $4000 to grow to $9000 if it is invested at 7% compounded monthly? ›Substituting the given values, we have: 9000 = 4000(1 + 0.06/4)^(4t). Solving for t gives us t ≈ 6.81 years. Therefore, it will take approximately 6.76 years to grow from $4,000 to $9,000 at a 7% interest rate compounded monthly, and approximately 6.81 years at a 6% interest rate compounded quarterly.
What is 5% interest rate on $1000? ›5% = 0.05 . Then multiply the original amount by the interest rate. $1,000 × 0.05 = $50 . That's it.
What is 5% interest on $100000? ›Annual compound interest earnings:
At 5.00%, your $100,000 would earn $5,000 per year.
| Type of savings account | Typical APY | Interest on $10,000 after 1 year |
|---|---|---|
| Savings account paying competitive rates | 5.25% | $539 |
| Savings account paying the national average | 0.58% | $58 |
| Savings accounts from various big brick-and-mortar banks | 0.01% | $1 |
Simple Interest Formula
Thus, if simple interest is charged at 5% on a $10,000 loan that is taken out for three years, then the total amount of interest payable by the borrower is calculated as $10,000 x 0.05 x 3 = $1,500. Interest on this loan is payable at $500 annually, or $1,500 over the three-year loan term.
Author: Msgr. Refugio Daniel
Last Updated:
Views: 5929
Rating: 4.3 / 5 (54 voted)
Reviews: 93% of readers found this page helpful
Name: Msgr. Refugio Daniel
Birthday: 1999-09-15
Address: 8416 Beatty Center, Derekfort, VA 72092-0500
Phone: +6838967160603
Job: Mining Executive
Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying
Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.