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5 votes
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If you invest $200 at an interest rate of 10%, how much money will you have after three years?

User MrMythical
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1 Answer

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Well, if it’s just an interest rate of 10% then you would have $220 if you have an interest rate of 10%.


If it’s an annual interest rate (yearly interest rate), then you would have $266.20

1st year: $200 x 1.10 = $220
2nd year: $220 x 1.10 = $242
3rd year: $242 x 1.10 = $266.20
User Eric Warmenhoven
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