What does $35,000 at 7.5 per cent yield in ten years

What will I have in total at the end of ten years if I invest in preference shares at an 7.5 interest rate?
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1 Answer

if its simpel interest, 35,000$*0.075*10=26,250$ intereest

if yu kompound 1 time per yeer,

(end$/start$)=1.075^10=2.061031562164711

so end$=35,000*2.061031562=72,136.104676...

so interest=72,136.10 -35,000

=37,136.104675...
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