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A principal of 850 is invested in an account at 8 percent per year simple interest What is the amount of the principal after 5 years?
The total value of the deposit will be $1248.929 at the end of 5 years. The year wise ending balance would be:918991.441070.7551156.4161248.929 This is under the assumption that the interest of 8% is compounded annually.
Can you break a recuring deposit?
Yes, you can break a recurring deposit. The bank cannot refuse that. But, the bank has the right to retain/cancel the interest due on it because you are not letting the recurring deposit mature or finish its full tenure. You will get the money you deposited but not any interest.
How much interest you ii get for 5 lakh in 2 months in fix deposit?
The answer will depend on the rate on interest!
How is simple interest calculated in banks?
They use the below formula: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest If you substitute the numbers corresponding to the amount that you deposit, the number of years and rate of interest, you can get the actual interest amount
If you deposit 10000 on 3 percent interest what would it be weekly?
$5.77
Jonathan invested a total of 10000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 560 How much is inves?
4000
Shirley invested a total of 12000 in two certificates of deposit one pays 6 percent interest and the other pays 7 percent interest her total interest at the end of one year is 790 how much is investe?
A+ 5000
Where could a person find the interest rates for certificates of deposit?
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.
Michael invested a total of 14000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 780 How much is invest?
6000=5% 8000=other CD
What the the advantages and disadvantages of a certificate of deposit?
Certificates of deposit are a good idea because they are a high interest deposit and offer a higher interest rate than a savings account and treasury bills and notes.
Where can I find high interest of bank certificates of deposit rates?
in alexandria louisiana
Where can a person find certificates of deposit with high interest?
A person can find certificates of deposit with high interest from the following sources: Bank Rates, Bankaholic, My Bank Tracker, Money Rates, Ally Bank, to name a few.
What interest rates does HSBC Bank offer on certificates of deposit?
There is a very high interest rate on HSBC bank offer on certificates of deposit. This is because the bank could make more money for itself through collected interest rates.
What are CD interest rates and how can you tell which is the best one?
Interest rates for Certificates of Deposit (CDs) are the rate at which your term deposit gains interest. Usually the best one is the biggest, but watch out for banks that may compound the interest at different intervals.
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
Jerry invested 14000 in a certificate of deposit at 5 percent he also put 2500 in a savings account at 3 percent how much interest will he earn after?
775
What are the typical minimum deposit requirements for high interest savings accounts?
I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.
