An easy formula to know the percentage over a period of years?

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ex: 650 + 2% each year for 25 years. Gotta be an weasy way

2006-09-10 09:24:12 · 2 answers · asked by eddie9551 5 in Science & Mathematics ➔ Mathematics

so which is the answer??

2006-09-11 08:10:07 · update #1

650(1.02)^(25)

= 1,066.39

2006-09-10 09:26:13 · answer #1 · answered by عبد الله (ドラゴン) 5 · 0⤊ 0⤋

principal=P
rate=r%
n=no of years
amount=P(1+nr/100)
your example
A=650(1+25*2/100)
=650*3/2=1950/2=975

2006-09-10 09:29:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋