If I had 38000 dollars and got 1% interest for 7 years how much money would I have

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Guest Oct 23, 2014

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Best Answer

Do you mean 1% pa compounding interest paid yearly for 7 years?

$$FV= 38000(1.01)^7$$

Melody Oct 23, 2014

Melody · Answer 1 · 2014-10-23T10:09:21

Do you mean 1% pa compounding interest paid yearly for 7 years?

$$FV= 38000(1.01)^7$$