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Q: You deposit 10 dollars per month in a bank that offers an annual interest rate of 6 percent at the end of three years your balance is what?
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Related questions

How much will you get in a year if you deposit 100 dollars with at a 6 percent interest rate?

6 dollars.


You deposit 700 in an account that pays 8 percent interest compounded yearlyfind the balance after 13 years?

You will have 1903.737 dollars in your account at the end of 13 years. The year wise end balance will be:756816.48881.798952.3421028.531110.8121199.6771295.6511399.3031511.2471632.1471762.7191903.737This is under the assumption that you don't deposit any fresh funds into your account and initial 700 dollars + the accumulated interest is all that is available in the account.


If you deposit 20000 in a savings account at 9.1 percent interest per year how much will you have in 17 years?

50,940 dollars


What is the balance after 7 years if you deposit 350 every quarter into a savings account that earns 4.5 percent interest compounded quarterly?

$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter


A bank pays interest at 5 percent per annum the capital in the bank is 500 what is the interest for 1 year?

500 x 0.05 = 25 . so the interest you earn is 25 dollars each year if you deposit 500 dollars.


What is the balance after 8 years on a deposit of 500.00 earning 7 percent interest compound semiannually?

(1.035)16 = 1.73398604 $500 ===> $866.99 (rounded)


What is the interest and balance of 375 at 4 percent for 5 years?

If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450


If you deposit 10000 on 3 percent interest what would it be weekly?

$5.77


If Marty maintains an average balance of 3500 dollars on a credit card that he uses only for necessary purchases and the bank charges 19.9 percent interest how much interest will he pay?

He pays $696.50 interest.


What is the account balance if you deposit 125 at 6 percent for 10 years?

It is 223.86


How can find interest percent in Rs100000?

First find out what the interest rate is from the money lender or deposit taker.


If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?

No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.

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