Math

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How to calculate this?

4 year term investment. The investment offers a rate of 2.25% per annum, compounded semi-annually.

Another investment offers a rate of 2.25% annum, per compounded quarterly.

Final investment offers a rate of 1.95% per annym, simple interest.

  • Math -

    Let P be the principal invested. The amount at the end of four years will be for each scenario

    1: P*(1+0.0225/2)^(4*2)

    2: P*(1+0.0225/4)^(4*4)

    3: P*(1.0195^4)

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