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1600 dollars is placed in an account with annual interest rate of 5.25%. How much will be in the account after 25 years, to the nearest cent?
4
What else can I help you with?
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.
How much interest is earned on the account?
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
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 the interest on 500000 in savings?
The interest on $500,000 in savings depends on the interest rate offered by the savings account. For example, if the account has an annual interest rate of 1%, the interest earned in one year would be $5,000. At a higher interest rate, such as 3%, the annual interest would be $15,000. It's important to check the specific terms of the savings account for accurate calculations.
The annual interest rate of Belinda's savings account is 8.6 and simple interest is calculated quarterly What is the periodic interest rate of Belinda's account?
2.15% Apex
What is the annual compound interest rate for an investment account modeled by the function y 12 1.18t?
The annual compound interest rate is 18 percent.
How much interest does a 100 million dollars earn a month?
The amount of interest earned on $100 million in a month depends on the interest rate applied. For example, if the annual interest rate is 2%, the monthly interest would be approximately $166,667. Conversely, at a 5% annual rate, it would be about $416,667 per month. The specific interest earned will vary based on the rate and the type of account or investment.
How much is my annual interest if I have 600 dollars over 15 years from 3 dollars?
An incredible 42.4%
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
How much interest does one billion dollars earn a day?
The interest earned on one billion dollars in a day depends on the interest rate applied. For instance, at an annual interest rate of 1%, one billion dollars would earn approximately $27,397 per day. At a higher rate of 5%, it would earn around $136,986 daily. Therefore, the exact amount varies based on the specific interest rate and the type of account or investment.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
The annual interest rate of Paul's savings account is 7.2 and simple interest is calculated monthly What is the periodic interest rate of Paul's account?
Hey maybe don’t show the question if there isn’t an answer!
