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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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∙ 6y ago
$724.50
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∙ 6y ago
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If you have 22 dollars in your bank account and deposit 11.50 each week At the same time your cousin has 218 but is with drawing 13 each week. When will you and your accounts have the same balance?
3 weeks
What is 4 percent of 2000 dollars?
4% of 2,000$ 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.
What is 20 percent of 15 dollars?
3 dollars is 15% of $20.
What is 30 percent off of 160 dollars plus 0.9 tax?
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.
How much money will 500 dollars accumulate over 20 years at 5 percent interest?
That depends on whether you are getting 5% simple interest, or compound interest, and how often it is compounded. Simple interest is very easy to calculate; you just multiply. $500 at 5% earns 5% of $500 every year, which is $25, so in 20 years the interest earned is 20 x $25 or $500, for a total of $1,000. But if you put the money in a savings account in a bank, you get compound interest. It can be compounded annually, semi-annually, quarterly, monthly, or daily. The more often it is compounded, the more you earn. Nowadays you can get daily interest, but that is kind of complicated because it depends on whether you figure the interest for every single day, 365 days a year and 366 in a leap year, or the traditional banking custom of 360 days a year. For example, if you compound annually, every year your balance is multiplied by 1.05, so after 20 years you would have 500 x 1.0520, which is $1.326.65 to the nearest cent.
How much interest does a 100 billion dollars earn a day?
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
How much the interest is earned in 1 months on a deposit of 1 million won?
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
How much will you get in a year if you deposit 100 dollars with at a 6 percent interest rate?
6 dollars.
How much interest does money gain in a bank?
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
If you put 5000 dollars in the bank in one year how much will you have?
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
How can you make 20000 dollars in 90 days?
Deposit $8 million at 1% interest.
You deposit $200 per year in a bank account that offers an annual interest rate of 6. After 5 years your total earnings in interest are?
The total interest is 67.65 dollars.
A bank pays interest at 5 percent per annum the capital in the bank is 500 what is the interest for 1 year?
500 x 0.05 = 25 . so the interest you earn is 25 dollars each year if you deposit 500 dollars.
What is the yearly interest on 9 billion 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
If you deposit 20000 in a savings account at 9.1 percent interest per year how much will you have in 17 years?
50,940 dollars
You deposit 700 in an account that pays 8 percent interest compounded yearlyfind the balance after 13 years?
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.
Deposit in a sentence?
he went to deposit his money in the bank he had to deposit 20 dollars
