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Robert opened a savings account with 200The account paid 6 percent interest after one year and then Robert withdrew 6 How much did he have left?
Wiki User
∙ 14y ago
Use the interest formula: I = p times r times t. P= 200; r = .06 (change % to decimal); t= 1 yr. 200 x .06 x 1= 12: 200 + 12 = 212; 212 - 6 = 206.
Wiki User
∙ 14y ago
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Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
Sam has a savings account that increased in value over a 12 month period from 8765.00 to 9006.04 what percent interest did he receive?
2.75%
Lateisha would like to know how much money she will earn if the interest is compounded monthly for a period of two months on a savings account that pays 6 percent interest on 2000?
20.05
If you deposited 1000 in a savings account that pays 8 percent interest quarterly how much could you have in eighteen months?
1000*(1.08)6 = 1586.87.
Savings account A has 1500 and pays 3.5 percent interest yearly Savings account B has 1400 and pays 4 percent interest yearly The savings account that earned the most interest after one year is?
Account B
What are the interest rates on a savings account?
Savings account interest rates can vary depending on where you're banking. These can rand from 2 percent all the way down to .65 percent. This also depends on where you have your account and how long you've had it for or if you open an account up during these interest rate deals.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What are the typical interest rates on a savings account?
The typical interest rates on a savings account is around one to three percent. You can ask bank of america or us bank. Wells Fargo offers the highest percentage on savings.
Today Tanya withdrew 960 from her savings account what fraction of the balance did Tanya withdraw?
Today Tanya withdrew $960 from her savings account what fraction of the balance did Tanya withdraw?
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
What's one difference between a checking account and a savings account?
savings account earns interest.
What makes a savings than a checking account account a better investment?
A savings account earns interest.
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 considered to be a high interest savings account rate?
High interest savings account rates vary, depending upon the bank a person selects. A higher interest savings account rate could be anywhere from 0.75% to 1.00%.
