112
$272
20
After 7 months you will both have $175.
The plural of 'month' is months.
48 days is about 1½ months. (1.58 average months, 1 month and 17 or 18 days). There is no fixed number of days in a month, but the average is 30.4 days a month.
March (3rd month) September (9th month)
100 days is about 3.3 months (3.28 average months, about 3 months and 9 days). There is no fixed number of days in a month, but the average is 30.4 days a month.
After 7 months you will both have $175.
It would take 6 months.
I am opening an account which is 2.3% interest. If I have 10,000$ which the interest is calculated daily, will I recieve the 230$ interest per month, or 230/12 months
An Orange account is a savings account offered through ING Direct. The money in your Orange savings account builds interest daily and then it is compounded every month. That money is then made available to use on purchases at the end of each month.
One limitation of a savings account is the amount of withdrawals you can make per month. Unlike a checking account, which let's you withdraw money until there are no funds left, savings accounts are restricted to 6 withdrawals per month. Another limitation is that withdrawals usually can only put into a linked checking account- you can't directly transfer funds from a low-interest savings account to a savings account with a higher yield.
Money market account
You should save enough so that eventually you have 8 months' salary in a savings account.
In 9 months, you can expect the savings to be 9 times as much as in one month.
One can build their savings account a several different ways. One common way of building a savings account is to put a designated amount of money into it every month. Another way to build a savings account is to put in any unexpected money into it that a person might receive, such as, gifts or tax returns.
Federal Regulation D allows you to make a maximum of six electronic transfers from a savings account each calendar month. If you have more than one savings account, the limit of six transfers applies to each account. If you have reached the maximum number of electronic transfers per month and need access to your funds you may withdraw them at an ATM or within the bank branch.
The benefit of having a a savings account is that your money is safe and protected in a bank. Not only that but there is an interest rate which will add to you account generally at the end of every month. It also makes your money more easily accessed.
1850 * 0.15 = 277.5. In a month he saves $277.50, so in 12 months he will save 277.5 * 12 = 3,330. $3,330.00 is the answer.