Calculating appreciation

Posted December 30th, 2006 by stormy and filed in Finance
1 Comment

If you just want to know what your savings account will be worth in 10 years at 3% interest, you’re probably best off just using one of the online calculators for calculating appreciation. 

However, if for some reason, you want to know how it’s calculated, here it is:

x(1+b)n

where:

x = original amount
b = interest (3% should be represented as .03)
n = number of years

I couldn’t find this anywhere on the web and since it’s the second time I’ve calculated it by hand, I thought I’d share.


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One Response to “Calculating appreciation”

  1. Affan says:
    September 11, 2008 at 7:11 pm

    Thanks..really helped with my homework

    [Reply]

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