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1000 dollars is invested in a savings account that pays 9 percent interest per year The interst earned after the first year is added to the account How much interest is earned on the following year?
Wiki User
∙ 14y ago
$98.10 in interest is earned in the following year.
Year One:
$1000 x 0.09 = $90
$1000 + $90 = $1090
Year Two:
$1090 x 0.09 = $98.10
Wiki User
∙ 14y ago
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What amount will an account have after 9 years if 125 DOLLARS is invested at 8 percent interest compunded continuously?
249.88 dollars
What is the daily interest on one billion dollars?
It depends on the interest rate at which the amount is invested.
What is four percent of four million dollars invested annially?
The answer depends on the rate of interest.
What is one thousand dollars from 1900 worth in 2012?
It depends on how you are evaluating it. For example, was it invested and drawing interest?
How much money has to be invested at 4.3 percent interest compounded continuously to have 19000 dollars after 16 years?
You would need 9687 dollars.
What amount will an account have after 9 years if 125 DOLLARS is invested at 8 percent interest compunded continuously?
249.88 dollars
If 4000 dollars is invested in a bank account at an interest rate of 6 per cent per year what will be the amount after 10 year if interest is compounded annually?
4000 x (1.0610) = $7163.39
What is the daily interest on one billion dollars?
It depends on the interest rate at which the amount is invested.
1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year?
$74.90
What is the simple interest if 300 dollars is invested at 8 percent for 3 years?
72
What is four percent of four million dollars invested annially?
The answer depends on the rate of interest.
What is one thousand dollars from 1900 worth in 2012?
It depends on how you are evaluating it. For example, was it invested and drawing interest?
How much money has to be invested at 4.3 percent interest compounded continuously to have 19000 dollars after 16 years?
You would need 9687 dollars.
What is the simple interest of 3000 dollars invested at 7 percent for six months?
3000*(7/100)*(6/12) = 105 dollars
How much would 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
If you invested 20000 dollars for five years at 3 point 05 percent interest then how much would you make the first year?
700
