answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: A bank pays 2 1/2% simple interest. How much interest for 8 years on a deposit of $250?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The formula for ordinary interest using exact time is?

The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.


Which bank provides the highest interest rate on an RD?

For 1 Year and 5 Years of recurring deposit account which bank offers best interest rate?


How much will a 1 deposit be worth after 48 years if the interest paid by the bank is 6?

about $15


What is the bank interest rates?

A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.


How much will 1 deposit be worth after 36 years if the interest rate by the bank is 8 percent?

about $16


How much will a $1 deposit be worth after 48 years if the interest rate paid by the bank is 6?

about $15


How much will a 1 deposit be worth after 48 years if the interest rate paid by the bank is 6?

about $15


Interest rate on recurring deposit in Indian overseas bank?

interest rate of recurring deposit in iob


You deposit 265 in a bank account that offers 5 annual compounding interest. At the end of five years your total earnings in interest are?

$73.21


How much will a dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?

>about $15 <


How much will a 1 deposit be worth after 24 years if the interest rate paid by bank is 7 percent?

about $5


You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?

$48.76 ;)