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A bank pays interest at 5 percent per annum the capital in the bank is 500 what is the interest for 1 year?
Wiki User
∙ 14y ago
500 x 0.05 = 25 . so the interest you earn is 25 dollars each year if you deposit 500 dollars.
Wiki User
∙ 14y ago
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Who pays the interest you get from your bank?
The bank pays it to you. The interest reflects the return on the capital you have loaned to the bank.
How much interest wll be earned if 20000 is deposited in a bank at 8.5 percent per annum?
The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.
What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Which companies produce zero interest rate credit cards?
There are many companies that offer zero percent interest rates, you can try your local bank you deal with. You can try Capital One credit cards, they are known for good interest rates and good customer service.
What is the interest rate on a Orchard Bank credit card?
The interest on an Orchard Bank card really depends on what kind of card being looked to get. It can go from zero percent to thirty five percent rates.
What is the journal entry of interest on capital of Rs 50000 10 percent?
[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000
Who pays the interest you get from your bank?
The bank pays it to you. The interest reflects the return on the capital you have loaned to the bank.
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 wll be earned if 20000 is deposited in a bank at 8.5 percent per annum?
The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.
Does U.S. Bank offer the lowest interest credit cards?
Usually a bank that has Zero percent interest only has it for a certain period of time. You can not go any lower than zero percent interest.
What bank interest do you get on 12 billion?
Ask the bank how much yearly interest they give you, then multiply that by the 12 billion and divide by 100. Interest = capital x (interest rate / 100).
Daisy save 40 dollars per week and the bank's rate of interest is 8.5 percent per annum. What is that means 'interest is calculated on the average amount held in the account during the year'?
It means that Daisy save 2080 $ in a year and interest is 8.5% anually(a year). Interest is calculated as : 14.73 $ (2080 $ * 8.5 * 1 / 100 * 12 = 17680 / 1200) and interest is calculated on an average daily basis.
What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Is 10 percent per month interest in lending in the Philippines legal?
10 percent interest per month any bank name
Which companies produce zero interest rate credit cards?
There are many companies that offer zero percent interest rates, you can try your local bank you deal with. You can try Capital One credit cards, they are known for good interest rates and good customer service.
What is the current bank interest rate for new automobiles?
.:13:. percent
If two banks offer risk-free interest rates on both savings and loans but one is 5.5 percent and the other is 6 percent what arbitrage opportunity is available?
Arbitrage OpportunityArbitrage opportunity is any situation in which it is possible to make a profit without taking any risk or making any investment. The arbitrage opportunity that is available is to borrow from the bank with 5.5 percent interest and deposit it in the one with 6 percent interest. And this would happen: While the bank with 5.5 interest would experience a demand for loans, the bank with 6 percent interest would experience a surge in deposits. As a result, the interest rate at the first bank would increase while the interest rate at the second bank would decrease.
