If compounded, it will take 21.818 years.
The percentage of increase is 4.5%
1.2 percent
The annual compound interest rate is 18 percent.
It might just be 10%.
441
3 months
$1480.24
rose by 1 percent
rose by 1 percent
rose by 1 percent
To find the annual yield of an investment, you can calculate it by dividing the annual income generated by the investment by the initial amount invested, and then multiplying by 100 to get a percentage.
In return for its investment, however, a member bank receives a 6 percent annual dividend and the right to vote in elections of directors of its Reserve Bank.