Best Answer

1 percent of 250 million is 2.5 million .

The accumulation per year depends on whether it's simple, annual interest,

or whether it's compounded at some interval during the year.

You also need to know whether it's going to be compounded after the first year,

because if it is, then you head into the second year owing 252.5 million, not 250.

User Avatar

Wiki User

โˆ™ 2012-06-28 17:19:27
This answer is:
User Avatar
Study guides


20 cards

A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

See all cards
1481 Reviews

Add your answer:

Earn +20 pts
Q: What is the accumalation of 250million PER YEAR if the interest is 1 percent?
Write your answer...
Still have questions?
magnify glass
People also asked