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You deposit 100 per year in a bank that offers compound interest at a rate of 6 for five years. What if your total earnings in interest are?
Wiki User
∙ 7y ago
First calculate the total money you would have after 5 years. The first year, you start with $100; at the end of the year, you multiply this by 1.06.Similarly, the second year, you add $100 to the previous result, and again, multiply the result by 1.06.
Repeat for each of the five years.
Then subtract the money deposited; what remains, is the interest.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoIt is 80.19 units of currency.
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You deposit 5 per month in a bank that offers compound interest at a rate of 5 for four years. At the end of three years your balance is?
It is 202.48 units of currency.
How much will you save after ten years if you save two thousand dollars and the bank offers a quarterly of 2.75 percent?
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
How much interest will 20000 earn in three years if invested at 10 percent compounded monthly?
Short of a loan shark or (equivalently) a credit card company, nobody charges or offers 10% interest per month (equivalent to 214% annually). But, that is what you asked for so the answer is 20,000*[(1 + 10/100)12*3 - 1] = 20,000*[1.136 - 1 ] = 618,254 - 20,000 = 598,254 (approx).
What is CASTHY?
An optical and statistical model is what CASTHY is.Specifically, the model can be found among the Nuclear Energy Agency's data bank of computer program services. The optical model offers calculations of neutron cross-sections in terms of total, shape elastic scattering and compound nucleus formation. The statistical model provides capture, compound elastic, and inelastic cross-sections. The model also supplies calculations for capture gamma-ray spectra and cross-sections of competing processes.Whatever the calculation, the computer language is Fortran-77 and -90.
How are percentages used in real life?
in offers
You deposit 265 in a bank account that offers 5 annual compounding interest. At the end of five years your total earnings in interest are?
$73.21
You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
$48.76 ;)
You deposit $200 per year in a bank account that offers an annual interest rate of 6. After 5 years your total earnings in interest are?
The total interest is 67.65 dollars.
In You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
697.53 for A+
You deposit 250 in a bank account that offers compound interest at a rate of 5 compounding quarterly. At the end of five years your balance is?
320.51 A+
You deposit 5 per month in a bank that offers compound interest at a rate of 5 for four years. At the end of three years your balance is?
It is 202.48 units of currency.
What is the bank interest rates?
A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.
Which bank provides the highest interest rate on an RD?
For 1 Year and 5 Years of recurring deposit account which bank offers best interest rate?
What are some services a bank offers?
Deposit money to save and gain interest on. Opening various savings accounts such as the IRA or 401k
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?
404.95
What are the interest rates available for a Citibank CD?
Interest rates for Certificate of Deposit through Citibank vary depending on the length of term. 3 month to 5 month offers a 0.05% interest. This increases to 0.50% at the 5 year mark.
What is fixed deposit?
Fixed Deposit is a powerful plan offered by many Banks and NBFCs to get high return on investment. Fixed Deposit yields high return when the tenure or period of fd is large. It means more time, more amount, more money.There are so many Banks and NBFCs which offers high interest rate on fixed deposit viz. Karnataka Bank, State Bank, Bajaj Finserv, RBL Bank etc.The interest rates in these financial institutions differ from tenure to tenure and amount to amount.
