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how much is the 5% of 25000 over 60 month?

 May 17, 2014

Best Answer 

 #1
avatar+118724 
+5

The question is not complete:

Maybe you mean:

How much is $25000  going to increase to if it is invested at 5%p.a. compounded monthly for 60 month?

$${\mathtt{25\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\frac{{\mathtt{0.05}}}{{\mathtt{12}}}}\right)}^{{\mathtt{60}}} = {\mathtt{32\,083.966\: \!962\: \!587\: \!822\: \!992\: \!2}}$$ 

Answer:  $32 083.97

I can explain better if you want but this may not be the actual question that you intended anyway.

 May 17, 2014
 #1
avatar+118724 
+5
Best Answer

The question is not complete:

Maybe you mean:

How much is $25000  going to increase to if it is invested at 5%p.a. compounded monthly for 60 month?

$${\mathtt{25\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\frac{{\mathtt{0.05}}}{{\mathtt{12}}}}\right)}^{{\mathtt{60}}} = {\mathtt{32\,083.966\: \!962\: \!587\: \!822\: \!992\: \!2}}$$ 

Answer:  $32 083.97

I can explain better if you want but this may not be the actual question that you intended anyway.

Melody May 17, 2014

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