Q: What if Byron purchased a 5000 certificate of deposit (CD) at his local bank. The CD will pay him 7 simple interest. How much interest In dollars Will Byron have earned from his Cd at the end of a 2 y?

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4% of 2,000$ is 80$. For example, if the Interest rate for a savings account per year was 4%, you would make 80$ by the end of the year.

3 dollars is 15% of $20.

30% off of 160 dollars is 70% of 160 = 160*70/100 = 112 dollars.112 dollars and 0.9 tax is 112.90 dollars.30% off of 160 dollars is 70% of 160 = 160*70/100 = 112 dollars.112 dollars and 0.9 tax is 112.90 dollars.30% off of 160 dollars is 70% of 160 = 160*70/100 = 112 dollars.112 dollars and 0.9 tax is 112.90 dollars.30% off of 160 dollars is 70% of 160 = 160*70/100 = 112 dollars.112 dollars and 0.9 tax is 112.90 dollars.

7.75% * 73 dollars = 0.075 * 73 dollars = 5.48 dollars

Related questions

Assuming this 100 billion dollars is deposited in a savings account that earns an interest of 1% per year, the interest earned in a day would be $ 2739726. Assuming this 100 billion dollars is deposited in a Certificate of Deposit that earns around 2.5% interest per year, the interest earned in a day would be $6849315

It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month

6 dollars.

Lets say you deposit 1 million dollars in a bank. lets see how much interest the money will gain in a bank It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month

It depends on how you deposit the money 5000 dollars. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 50 dollars in 1 year b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 200 dollars in 1 year

Deposit $8 million at 1% interest.

The total interest is 67.65 dollars.

500 x 0.05 = 25 . so the interest you earn is 25 dollars each year if you deposit 500 dollars.

It depends on where you deposit. Usually Fixed Deposits or CD's carry an interest of around 3-4%. So at 4% interest you should get nearly 360 million dollars every year. Also this interest rate varies from bank to bank. Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest

50,940 dollars

You will have 1903.737 dollars in your account at the end of 13 years. The year wise end balance will be:756816.48881.798952.3421028.531110.8121199.6771295.6511399.3031511.2471632.1471762.7191903.737This is under the assumption that you don't deposit any fresh funds into your account and initial 700 dollars + the accumulated interest is all that is available in the account.

he went to deposit his money in the bank he had to deposit 20 dollars