What is the math formula to determine amount of money earned from a stock or fund for a given per cent return , per year? ?
For example $100k invested , at 7%. Is it 0.7x100k? Or more complex than that ?
More Questions From This User See All
Answers & Comments
Verified answer
To calculate 7% simple interest on a $100,000 investment would be
.07 x 100,000. Interest compounded daily would pride a slight more interest.
You can find calculators on-line that will calculate investment interest for a specified interest rate and time period of the investment.
,07 x 100,000 ,,,,,,,,,,,,,,,,
more complex. You need to move the decimal point 2 places, as in 0.07 x 100k - but that only works for bonds or savings accounts. Stocks and funds are not guaranteed.