Since you didn't say how often it was compounded, i'll assume simple interest.
Pt = Po + r*t*Po,
Pt = Amount after time t (30 years),
Po = Initial investment,
r = annual percentage rate (APR) expressed as a decimal.
Pt = 30000 + 0.03625 * 30 * 30000,
Pt = 30000 + 32625 = 62625.
pricipal is30,000 rate of interest is three and five eigth time thirty years find amount in account .show me step by step how to solve
1 answer
1 answer