If you were able to earn interest at 3% and you started with N100, how much would you have after 3 years?

Rich Homolka asked Feb 23, 2022

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Rich Homolka asked Feb 23, 2022

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23 votes

the answer

Answer: 109.27

Step-by-step explanation:

N=3 I=3% pv=100 pmt =0 cpt fv

$109.27

if you do not add anything to the $100 and strictly rely on interest.

Janfitz answered Feb 28, 2022

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