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Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75

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โˆ™ 2012-06-14 13:37:44
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Q: What do you get if You deposit 750.00 in an account that earns 5 percent simple interest How much interest will your money earn in 6 months?
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You deposit 750.00 in an account that earns 5 percent simple interest How much interest will your money earn in 6 months?

7.5 x 2.5 ie 18.75


What is a certificate of deposit?

When you put money in a savings account, you can draw it out at any time. In a certificate of deposit, you agree to leave it in the bank for a certain period of time. They pay slightly higher interest because they know that money will be there for 3 months, 6 months, 1 year, etc. If you draw it out early, they reduce your interest.


How much interest would you earn in six months on an account that pays 6.5 percent simple interest on 654.89?

21.28


How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?

21.28


You deposit 425 into a money market account for three months the account earns 2.5 simple interest how much money is in the account after three months?

yeah, you spelled monts instead of months, not sure i want to further this conversation your company.


What is the interest that a 510 deposit will earn in 3 months at 4.25 percent simple interest rounded to the nearest cent?

(5.1 x 4.25)/4 = 5.42


Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?

Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.


How much interest is earned in 9 months on a deposit of 7000 at 8 percent simple interest?

70 x 8 x 3/4 ie 420


Is there a bank that adds your account ten percent every 10 months?

No. No bank provides such unrealistic interest on our deposits.


Saving 250.00 pcm at 6 percent interst what is the the true interest paid to the account holder after 12 months?

£160.00


Is the fixed deposit and term deposit same?

Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.


How much interest you ii get for 5 lakh in 2 months in fix deposit?

The answer will depend on the rate on interest!

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