If the annual equivalent interest rate is 1%, then the six monthly compound rate is approx 0.4988%. At that rate you will earn 24.94
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If the rate is 1/18 % per year, the money will earn 201.48
To calculate p% of a number, you need to multiply it by p and divide by 100, so 2% of 5000 is 5000 * (2 / 100) = 5000 * (1/50) = 100
1/4 x 5000/1 = 5000/4 = 1250/1
It depends on how you deposit the money 5000 dollars. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 50 dollars in 1 year b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 200 dollars in 1 year
1% of 50,000 is 500.