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You deposit 5 per month in a bank that offers compound interest at a rate of 5 for four years. At the end of three years your balance is?
Wiki User
∙ 7y ago
It is 202.48 units of currency.
Wiki User
∙ 7y ago
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You deposit 100 per year in a bank that offers compound interest at a rate of 6 for five years. What if your total earnings in interest are?
First calculate the total money you would have after 5 years. The first year, you start with $100; at the end of the year, you multiply this by 1.06.Similarly, the second year, you add $100 to the previous result, and again, multiply the result by 1.06. Repeat for each of the five years. Then subtract the money deposited; what remains, is the interest.
How much will you save after ten years if you save two thousand dollars and the bank offers a quarterly of 2.75 percent?
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
How much interest will 20000 earn in three years if invested at 10 percent compounded monthly?
Short of a loan shark or (equivalently) a credit card company, nobody charges or offers 10% interest per month (equivalent to 214% annually). But, that is what you asked for so the answer is 20,000*[(1 + 10/100)12*3 - 1] = 20,000*[1.136 - 1 ] = 618,254 - 20,000 = 598,254 (approx).
What is CASTHY?
An optical and statistical model is what CASTHY is.Specifically, the model can be found among the Nuclear Energy Agency's data bank of computer program services. The optical model offers calculations of neutron cross-sections in terms of total, shape elastic scattering and compound nucleus formation. The statistical model provides capture, compound elastic, and inelastic cross-sections. The model also supplies calculations for capture gamma-ray spectra and cross-sections of competing processes.Whatever the calculation, the computer language is Fortran-77 and -90.
How are percentages used in real life?
in offers
You deposit 250 in a bank account that offers compound interest at a rate of 5 compounding quarterly. At the end of five years your balance is?
320.51 A+
You deposit 10 dollars per month in a bank that offers an annual interest rate of 6 percent at the end of three years your balance is what?
404.95
What company currently offers low interest balance transfer of other credit cards?
Discover is one company that offers low interest balance transfer of other credit cards. One can compare interest balance rates online at websites such as Nerd Wallet and Credit Cards.
What is the bank interest rates?
A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.
Is there a credit card available that offers zero interest on balance transfers?
Yes, there is a credit card available that offers zero interest on balance transfers. You can find it at www.creditcards.com/balance-transfer.php There are several credit cards and 0% is up to 18 months! http://www.creditimes.com/balance-transfer.html
What rate offers does Nationwide International have for high balance accounts?
Nationwide International offers a special interest rate for those with high balance accounts. You can choose between an annual or monthly interest rate. For accounts with a balance of more than 25,000 pounds, the annual interest rate is 1.6%, while the monthly interest rate is 1.5%.
Does Bank of America offer interest free credit cards?
No bank offers a credit card with NO interest. However, many banks offers no or low interest balance transfer offers, where you take a balance from one card and transfer the amount to new card with no or little interest, but only for a certain time, usually around 6 months.
You deposit 265 in a bank account that offers 5 annual compounding interest. At the end of five years your total earnings in interest are?
$73.21
You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
$48.76 ;)
You deposit $200 per year in a bank account that offers an annual interest rate of 6. After 5 years your total earnings in interest are?
The total interest is 67.65 dollars.
In You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
697.53 for A+
Which bank provides the highest interest rate on an RD?
For 1 Year and 5 Years of recurring deposit account which bank offers best interest rate?
