$2400
In simple interest, 50,000 would earn 1,500 in one year.
The annual (or annualised) interest rate.
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
$2,500 is your answer
4000
A+ 5000
6000=5% 8000=other CD
$4,500
2,400
100
In simple interest, 50,000 would earn 1,500 in one year.
6.85
A principal value of 4300.00 after one year of uncompounded interest at 4.6 percent will be 4300.00(1 + 0.046) = 4497.80.
You would earn 1750.
9% means 9/100 = 0.09 0.09 * $2000.00 = $180.00 in simple interest for one year =============================
Interest is basically where the bank pays you for putting your money in one of their accounts. If you open a savers account in a bank and you put in £20, you will get about £1 every year for saving with them.