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What is the interest rate for 1 million dollars put on a CD after 1 year?
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".
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
Jane invests 5000. She invests some in a CD which earns 4 percent and the rest in a savings bond that earns 7 percent. How much money was invested in CD if total interest earned after one year is 300?
Take a breath, and start thinking of things in mathematical termsThe amount invested in the CD is unknown, so we can call it X.The amount invested in the Savings Bond (SB) is the remainder, so we can call it (5000 - X).The interest on the CD for one year is 0.04 times X or 0.04X.The interest on the SB for one year is 0.07 times (5000 - X) or 0.07(5000 - X).You know the total interest from both for the year is 300, so you now can make an equation:0.04X + 0.07(5000 - X) = 300All you need to do is expand the expression and move the variable to one side of the equation and solve for X.
If you put 5000 dollars in the bank in one year how much will you have?
It depends on how you deposit the money 5000 dollars. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 50 dollars in 1 year b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 200 dollars in 1 year
How many CD players are sold per year worldwide?
The Amount Of CD Players That Are Sold Every Year Are 120,000,000 Roughly. There You Go
