0.050410958904109589041095890410959%
At an interest rate of 5 percent, $200 would earn $10 in one year.
12.76
396.93
75 x 7 x 2 = 1050
1 month = (200/100)*4=208 2 month = (208/100)*4= 216,32 3 month = (216.32/100)*4 = 224.973 4 month = (224.973/100)*4 = 233.972 and so on It will be 8634.368 after 8 years * * * * * Well, it depends on whether this is a mathematical exercise or a real life question. If a mathematical question, the above answer is correct. However, according to this calculation, the annual equivalent interest rate is approx 60.1 percent. I cannot imagine any investment paying that sort of interest every year over an eight year period. What happens in real life is that the investment company quotes you the annual equivalent rate. So a 0.3274% monthly rate, compounded monthly over a 12 month period would be worth 4% per annum. So then the question simplifies to 4% annual equivalent interest for 8 years. Final value = 200*(1.04)8 = 273.71. Why 0.2374%? 1.041/12 (the twelfth root of 1.04) is 1.003274
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
To calculate daily interest on a billion dollars, you need the annual interest rate. For example, at a 5% annual interest rate, the daily interest would be approximately $137,000, calculated as follows: $1,000,000,000 x (5% / 365). This means the actual daily interest varies based on the interest rate applied.
You will have $11576.25
310,685
At an interest rate of 5 percent, $200 would earn $10 in one year.
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
$330.00
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
463.72
12.76
6% annual interest would be c.
24.80