The amount of interest one could expect to receive when having $200,000 in the bank would depend upon many factors. The bank in which the funds are located and the interest rates they offer will determine the amount of interest calculated on the balance in the account.
on average £312.00 per day...!
If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
Ask the bank how much yearly interest they give you, then multiply that by the 12 billion and divide by 100. Interest = capital x (interest rate / 100).
I think about £600.00 per day
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
The interest on 700.00 since 2002 would really depend on what the percentage of the bank is. If interest was 10 percent you would have $2196.90.
It would depend on the interest rare percentage received.
The interest you would earn on £90 million depends on the interest rate offered by the bank. For example, if the bank offers an interest rate of 1% per year, you would earn £900,000 annually. At a rate of 2%, your annual interest would be £1.8 million. Always check with the bank for the most accurate rates and terms.
It depends on how often the interest is compounded(annually, monthly...) and also the interest rate of the bank also has an effect on the outcome.
Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
You didn't tell us what the interest rate at your bank is, so we can't determine that answer.
The amount of interest you would earn on $200,000 depends on the interest rate and the time period for which the money is invested or saved. For example, at a 3% annual interest rate, you would earn $6,000 in one year. If the interest is compounded, the total interest could be higher over time. To calculate the exact amount, you would need to specify the interest rate and duration.
The best solution - would be a low-interest loan from a bank ! Bank interest rates are MUCH lower than credit cards.
70000 pounds .
128.75
$1500 in a savings account at my bank in Canada @.15%
Depends on how much you have in the bank. I make 3k with 70k in the bank in like 4 days. The more money you have in the bank the more interest you get.