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What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
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
How long would it take to spend 60 billion dollars if you spent a million dollars a day?
Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.
What is the simple interest expressions?
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
Interest earned on a billion dollars?
You can earn a lost of interest on a billion dollars. The amount of interest you will earn will depend upon your rate of interest and how long you leave it in the bank.
How much interest would three hundred million make a year?
The interest earned on three hundred million dollars in a year depends on the interest rate applied. For example, at a 1% annual interest rate, it would generate $3 million, while at a 5% rate, it would yield $15 million. To calculate the exact amount, multiply the principal ($300 million) by the interest rate (expressed as a decimal).
How much interest will you earn on 200 million dollars in a day?
The interest earned will fluctuate with the interest rate and type of account. As of March 2013 interest rates, the daily interest accrued would be approximately $21,918.
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
What actor has the top career earnings?
Will Smith. He earned 80 million dollars in 2008. He also earned 64 million dollars after starring in Hancock.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
How is the amount of interest earned on an investment calculated?
The amount of interest earned on an investment is calculated by multiplying the principal amount invested by the interest rate and the time the money is invested for. This formula is typically expressed as: Interest Principal x Rate x Time.
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
The amount of the promissory note plus the interest earned on the due date is called the?
The amount of the promissory note plus the interest earned on the due date is called the maturity value.
What is the percent charged or earned on an amount of money?
Rate of interest.
What actress earned a million dollars by age 10?
Drew Barymoore
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
