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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?
Wiki User
∙ 7y ago
It was 10200.
Wiki User
∙ 6y ago
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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 200 in a savings account after one year his account with interest had a balance of 211 about how much interest did he earn each week?
He earned just over 0.21 per week, so it would be rounded to 0.21 per week.
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
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
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
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.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
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 200 in a savings account after one year his account with interest had a balance of 211 about how much interest did he earn each week?
He earned just over 0.21 per week, so it would be rounded to 0.21 per week.
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.
What do you see you have contributed to your savings account?
You will see your balance and any interest earned.
What is the function of a money market savings account?
The function of a money market savings account is to earn a higher interest on your balance. Interest is based on current rates in the money markets. A minimum balance is usually required for investment.
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.
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
Do most high interest saving accounts require a minimum balance?
Yes, most high interest savings accounts require a minimum balance. Since it is high interest, it is usually a high minimum account balance as well.
