The interest rate on a CD can be different in each bank, and they change all the time.
Generally, the interest rate is stated at the time you buy the CD, and it doesn't change
on that one once you've bought it ... the rate won't be different "after 1 year".
The interest earned on three hundred million dollars in a year depends on the interest rate applied. For example, at a 1% annual interest rate, it would generate $3 million, while at a 5% rate, it would yield $15 million. To calculate the exact amount, multiply the principal ($300 million) by the interest rate (expressed as a decimal).
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
If the interest rate is 5%, multiply 8,000,000 by 0.05. You would get $400,000 in interest.
That depends on the rate of interest to be applied.
Depends on the interest rate.
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.
5 million
You can,t a million dollars interest from a million dollars but you can get half a million dollars
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
The least amount would be $0 at a 0.0% rate of interest - which does exist.
5 million dollars How to arrive at this answer: $1,000,000,000 (1 Billion) x .02 (2 percent interest) = $20,000,000 (20 million) per year $20,000,000 per year / 4 (Quarterly) = $5,000,000 (5 million)
It depends on the current interest rate - you'll need to check with your bank to find that out before you can do the math and multiply it out.
If the interest rate is 5%, multiply 8,000,000 by 0.05. You would get $400,000 in interest.
That depends on the rate of interest to be applied.
Depends on the interest rate.
$16 million, million dollars. The question is how much is the annual interest payment on that every year?
6 dollars.