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.
Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
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.
You didn't tell us what the interest rate at your bank is, so we can't determine that answer.
The best solution - would be a low-interest loan from a bank ! Bank interest rates are MUCH lower than credit cards.
128.75
70000 pounds .
$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.
Hi, For complete details on the interest rates contact the bank concerned
on average £312.00 per day...!