If a friend loaned me $42,000.00 nine years ago, how much interest would it have earned?

Md Ariful Islam

বিএসসি(সিএসই) , এমবিএ(মার্কেটিং)

সফটওয়্যার ইঞ্জিনিয়ার Bissoy.com

4 views

2025-01-04 04:42

1 Answers

Dr. Md Rushad Rahman

এমবিবিএস(আরপিএমসি) , পিজিটি(মেডিসিন)

ইন্ডোর মেডিকেল অফিসার রংপুর কমিউনিটি মেডিকেল কলেজ হাসপাতাল,রংপুর সাধারণ চিকিৎসক প্রধান মেডিকেল সেন্টার,ঢাকা ক্যান্টনমেন্ট,ঢাকা বিএমডিসি রেজিস্টার.নং. এ-১02864

It depends on the interest rate he gave you. If you had, for example, five percent interest every year, it would be (1,05^9)*42,000USD, which would be approximately 65,156 USD.

4 views Answered 2015-07-10 08:12

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