0
What else can I help you with?
When Janette was 5 years old her grandmother deposited 2500 into a savings account for her. The account pays a simple annual interest rate of 4. What will the balance be when Janette turns 15 years ol?
It will be 3500.
Mark deposited 1256 dollars from his summer job in a savings account that pays 4.5 percent interest How much interest will he earn after one year?
100
Suppose you deposited 100 per month into a savings plan for 10 years and at the end of that period your balance was 22200. What is the amount you earned in interest was?
It was 10200.
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
Karen deposited 8500 dollars in a college savings account for her grandson The account earns an annual simple interest rate of 6.5 percent How much money will she have at the end of ten years?
8500 x ((1.065) to the 10th power) = 15955.67
If i deposited 235.00 in 1974 in a savings account what would be my balance?
The amount in your balance would depend on the interest rate of your savings account.
Roxanne deposited 300 into a savings account earning 5 annually What is her balance after 1 year?
Roxanne deposited $300 into a savings account earning 5¼% annually. What is her balance after 1 year
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
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.
What is the purpose of a savings?
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
When Janette was 5 years old her grandmother deposited 2500 into a savings account for her. The account pays a simple annual interest rate of 4. What will the balance be when Janette turns 15 years ol?
It will be 3500.
What happens to the money that you deposit in a savings account at a bank?
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
Whats the difference between an orange account and a regular savings account?
An orange account earns high interest, there are no fees attached and you do not need a minimum balance in your account. Most regular savings accounts have a minimum balance and really low interest rates.
What do you see you have contributed to your savings account?
You will see your balance and any interest earned.
