14.651
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
3000
14.651
14.8 percent, compounded daily, is approx 7.565 sextillion for a year (8.684 sextillion for a leap year).
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
$454.69 for $8.69 of cumulative interest over 176 days.
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
4.0730% compounded daily3.1172% compounded monthly2.0365% compounded daily
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
It makes a difference how often the interest is compounded, and you haven't given that information. If it's compounded annually, then your 10,000 becomes 12,762.82 after 5 years. If it's compounded quarterly, then it becomes 12,820.37 . If it's compounded "daily", then it becomes 12,840.03 . If it's "simple" (uncompounded) interest, then 10,000 swells to a full 12,500 in 5 years.
I think most banks use daily compounding, but you could use the continuous compounding to approximate daily compounding and be off by less than 0.2%
First rated bank is the Ge capital Retail bank with a rate of 1.04% compounded daily, but you need a blance of atleast 25,000$. Second rated is the Ally bank with 0.94& compounded daily and no minimum deposit.