investment?
August 20th, 2010
An investment grows by 3% per year for 10 years. By what percent does it increase over the 10-year period?
and
An investment grows by 30% over a 5-year period. What is its effective annual percent growth rate?
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- Pakistan ~10 years on | Gene Expression | Discover Magazine
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the answer to both of these will be dependent upon how often your interest is figured. Is it annually, quarterly, monthly, daily?
This info is needed to know for sure.
I disagree with the previous answer.
<<<An investment grows by 3% per year for 10 years. By what percent does it increase over the 10-year period?>>>
34.4%
<<<An investment grows by 30% over a 5-year period. What is its effective annual percent growth rate>>>
5.4%