$330.00
8000*2.5/100 = 200
2.25
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
75
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
8000*2.5/100 = 200
12.76
463.72
Annual interest rate
$55.76 = $1239.12 x 0.045
2.25
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
62
75
2.25
You can calculate the value of savings in an account by multiplying your savings by the annual interest rate eg savings of 500 with 1% interest are worth (500 x 0.01) + 500 = 505.
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.