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How much after tax would you get in intetest if you had 2hundred thousand pounds in bank?
The amount of after-tax interest you would receive on £200,000 in a bank depends on the interest rate offered and your tax situation. For example, if the interest rate is 1% annually, you would earn £2,000 before tax. If you're a basic rate taxpayer, you would pay 20% tax on the interest, resulting in £1,600 after tax. However, if your total income, including interest, falls within your personal allowance, you may not pay any tax on it.
How much interest would you receive for 2000.00 at .5 percent interest for 1 year?
2010.00
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 annual interest. What if your beginning balance is 1236.59.?
To calculate simple interest, use the formula: ( \text{Interest} = P \times r \times t ), where ( P ) is the principal amount, ( r ) is the annual interest rate (in decimal), and ( t ) is the time in years. For a beginning balance of $1236.59 at an annual interest rate of 7.5% (or 0.075), the interest earned in five years would be: [ \text{Interest} = 1236.59 \times 0.075 \times 5 = 462.21. ] Thus, you would receive $462.21 in interest after five years.
How much interest would you get if you had 200000 in the bank?
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.
How much interest would you make if you had 1 million pounds in the bank?
on average £312.00 per day...!
How many years would it take for 55000 pounds to receive 39600 pounds simple interest at a rate of twelve percent pa?
Each year you would receive 0.12 x 55,000 = 6,600 pounds simple interest. With no compounding 39,600 / 6,600 = 6 years
How many thousand pounds make a million pounds?
There are 1,000 pounds in a thousand pounds, so to find out how many thousand pounds make a million pounds, you would divide 1,000,000 by 1,000. Therefore, there are 1,000 thousand pounds in a million pounds.
How much after tax would you get in intetest if you had 2hundred thousand pounds in bank?
The amount of after-tax interest you would receive on £200,000 in a bank depends on the interest rate offered and your tax situation. For example, if the interest rate is 1% annually, you would earn £2,000 before tax. If you're a basic rate taxpayer, you would pay 20% tax on the interest, resulting in £1,600 after tax. However, if your total income, including interest, falls within your personal allowance, you may not pay any tax on it.
How much interest would someone get from 8 million pounds?
That will depend on the interest rate, and for what period of time. At an interest rate of 3% for a period of one year, the amount would be 240,000 pounds. A lower interest rate would be less, a higher rate would be more.
If you pay with a 20 pounds note how much change would you receive from 7.79 pounds?
You would receive £12.21 in change (£20 - £7.79).
How much interest would 2.5 million pounds make in the bank?
70000 pounds .
How much interest would you get a week with 4 million pounds?
It depends on the interest rate. But say you have a 1% a year interest rate and you don't spend or add any money to it then you would get about 769 pounds a week.
How much interest would you receive for 2000.00 at .5 percent interest for 1 year?
2010.00
How would you write one million five hundred thousand pounds in numbers?
1,500,000 pounds in numbers
How much would a customer have to spend to receive 10 pounds cash back?
How much does a customer have to spend to receive ten pounds cash back
How long would it take to spend 60 billion dollars if you spent a million dollars a day?
Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.
What is the simple interest on a loan of 8000 pounds over seven years at eleven percent pa?
To calculate simple interest, use the formula: Interest = Principal × Rate × Time. For a loan of 8000 pounds at an interest rate of 11% per annum over seven years, the interest would be: 8000 × 0.11 × 7 = 6176 pounds. Therefore, the simple interest on the loan is 6176 pounds.
