If I invest $30000 at 10% compound interest for eighteen years how much will i get
I'm sorry you have such an old question. It's impossible today to get any where near 10% interest.
Check this site.
http://www.webmath.com/compinterest.html
To calculate the future value of an investment with compound interest, we can use the formula:
FV = P * (1 + r/n)^(nt)
Where:
FV = Future Value
P = Principal amount (initial investment)
r = Annual interest rate (as a decimal)
n = Number of times the interest is compounded per year
t = Number of years
In this case, the principal amount is $30,000, the annual interest rate is 10% (0.10 as a decimal), and the investment is compounded yearly.
Plugging the values into the formula, we have:
FV = $30,000 * (1 + 0.10/1)^(1*18)
= $30,000 * (1.10)^18
Now we can calculate the future value using a calculator or a spreadsheet:
FV ≈ $30,000 * 5.5703
FV ≈ $167,109.34
Therefore, at the end of eighteen years, your investment of $30,000 at a 10% compound interest rate will grow to approximately $167,109.34.