Processing math: 100%
 
+0  
 
0
643
3
avatar

how can i calculate % growth per nr. of times? for example, i have 100$ and it grows 1% for 5 days. thanks

 Jun 3, 2015

Best Answer 

 #3
avatar+118696 
+5

The usual formula is

FV=PV(1+r)^n

fot this specific question

FV=100×(1+0.01)^5

FV=100×1.01^5

 

That is 1% interest per day for 5 days.

 Jun 3, 2015
 #1
avatar+118696 
+5

how can i calculate % growth per nr. of times? for example, i have 100$ and it grows 1% or 5 days. 

 

Umm    

 

12% pa calculated yearly is nominally 1% per month BUT if you are talking real rather than nominal rates then

 

(1.12)=(1+r)12(1.12)1/12=1+r(1.12)1/121=r

 

1.12(112)1=0.009488792934583

 

So 12% compounded annually  is equal to approx  0.95 % compounded monthly.

 

Maybe that helps answer your question.  I am not really sure what you are asking :/

 Jun 3, 2015
 #2
avatar
+5

hi. i was the one who asked the question. thanks for the answere. what I was tring to find out was a forumla for % of growth for x number of times.

 

for example, if i have 100$ and it grows 1% EACH DAY in day one i have, 101$, in day two 102.01$, day three 103.0301.

 

But how i would write it in a formula? 100$ + 1% for 5 times. 

 Jun 3, 2015
 #3
avatar+118696 
+5
Best Answer

The usual formula is

FV=PV(1+r)^n

fot this specific question

FV=100×(1+0.01)^5

FV=100×1.01^5

 

That is 1% interest per day for 5 days.

Melody Jun 3, 2015

4 Online Users

avatar
avatar