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Pam invested 4200 in a savings account with a yearly interest rate of 4 for 7 years How much simple interest did she earn?
$1326.91
Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how much is invested at?
2,400
Sharon invested 4000 in a certificate of deposit at 5 percent She also put 500 in a savings account at 3 percent How much interest will she earn after one year?
215
If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year?
$74.90
Related Questions
Pam invested 4200 in a savings account with a yearly interest rate of 4 for 7 years How much simple interest did she earn?
$1326.91
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?
1,820-apex test answer
Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how much is invested at?
2,400
How much more will 2200 earn in interest than 1400 if they both invested a savings account with APY 5.4 percent for a year?
$43.20 more
Jerry invested 14000 in a certificate of deposit at 5 percent he also put 2500 in a savings account at 3 percent how much interest will he earn after?
775
Savings account A has 1500 and pays 3.5 percent interest yearly Savings account B has 1400 and pays 4 percent interest yearly The savings account that earned the most interest after one year is?
Account B
What is the meaning of online money market account?
An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.
What makes a savings than a checking account account a better investment?
A savings account earns interest.
What's one difference between a checking account and a savings account?
savings account earns interest.
In 1960 the inflation rate was about 5.1. If you invested in a savings account with an annual interest rate of 4.9 what was the real growth rate of this investment?
A real "growth" of -0.0019%, approx.
How is the interest on a savings account calculated?
The interest on a savings account is calculated by multiplying the account balance by the interest rate and the time the money is held in the account. This calculation is typically done on a monthly or annual basis.
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