>about $15 <
The answer will depend on the rate on interest!
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
about $16
about $15
>about $15 <
A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.
No. In most cases the rate of interest offered on fixed deposits and recurring deposits is different. Usually the rate of interest on a fixed deposit is much higher than a recurring deposit because you will be depositing the entire amount in one shot and leave it with the bank for the duration whereas in a recurring deposit you'll pay only the part of the money at a time. So the difference.
The answer will depend on the rate on interest!
I calculate the interest rate should be given for 4 month saving deposit
The lowest amount you should deposit in a secured visa credit for you get interest is $ 500.00. Expect to get 5 % interest back into your account.
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
between 60 cents and one dollar
Actually both of them have their own benefits and drawbacks. In terms of rate of interest an fixed deposit will give you more interest than a recurring deposit. In terms of ease of operation and opening a recurring deposit is easier because it will need much less contribution and on a regular basis whereas you need to deposit in lumpsum in case of a FD.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest You will get 3000 every year for a fixed deposit of 50000 @ 6% per year
$50.00 ... plus whatever the interest rate of the bond was at the time of issue.