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How much interest would you make if you had 1 million pounds in the bank?
on average £312.00 per day...!
What bank interest do you get on 12 billion?
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).
How much would 200000 invested at 5 percent interest compounded monthly be?
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.
How much interest would you make ia day f you had 6 million pounds in the bank?
I think about £600.00 per day
How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
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
