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
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