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Cindy has a savings account with National Bank She earns 4.5 percent annual simple interest on 1239.12 What amount will she receive in interest in one year?
Wiki User
∙ 14y ago
$55.76 = $1239.12 x 0.045
Wiki User
∙ 14y ago
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What is the better 5 percent or 08 percent?
Better for what? If you have to pay, 5 percent is better; if you receive it, 8 percent is bett
How to Calculate CD Growth?
If you are looking to save money, a certificate of deposit account is a great option for you. A CD is similar to a savings account in that the money you deposited is insured by the government. However, there are several differences. When you open a CD, you agree to leave your money in the bank for a set amount of time. During this time, you cannot withdraw the funds. Doing so could cause you to pay significant penalties. In return, a CD offers the best interest rates of any savings account. The longer you leave your money in the account, the better interest rate you will receive. Figuring how much interest you will gain from a CD depends on several factors. In order to calculate how much you will gain by opening a CD, you need to figure out how long the terms are and what the interest rate will be. Generally speaking, most CDs range in duration from a few months to five years. Once you know how long you want your CD to last, you should receive an interest rate. Interest rates vary depending on the market. However, once you lock in to a rate it will not change. When you sign up for the account, you will receive your interest rate in writing. So how do you calculate CD growth? Assuming your interest compounds annually, the calculation is pretty simple. The first thing you need to do is convert your interest rate in to a format that is easy to calculate. For example, let's say your interest rate is 3%. You would then use .03 for the purpose of calculating growth. The next thing you want to do is add one to this number. This is to account for the percentage you want to add to the principal. This would make the number you want to use in your calculation 1.03. The next step is factoring in how many years or months it takes for the CD mature. Let's say you have a CD that is five years long. You would then raise 1.03 to the fifth power. This would give you a new number of 1.15927. Once you have this number, multiply your original deposit by it. For example, if you deposit $1,000 in to the CD, multiply that by 1.15927. This gives you an amount of $1,159.27. This is how much the CD will be worth when it matures.
Sarah has a 2000 bond with a 5 coupon. How much interest will Sarah receive for this bond every 6 months?
$50.00
John has a 1000 bond with a 4 coupon. How much interest will John receive for this bond every 6 months?
$20.00 Apex
How much change would JosC3A9 receive from 50.00 if he bought a pair of jeans for 29.47 at a 5.26 percent tax rate?
18.98
You have an account that increased over a 12 month period from 8765.00 to 9006.04 what percent interest did you receive?
2.75
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
Cindy has a savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?
$156.08
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
Sam has a savings account that increased in value over a 12 month period from 8765.00 to 9006.04 what percent interest did he receive?
2.75%
Cindy has a savings account with National Bank. She earns 4.5 annual simple interest on 1239.12. What amount will she receive in interest in one year?
$55.76 = $1239.12 x 0.045
Cindy has a savings account withbthe National Bank She earns 4.5 annual simple interest on 1 239.12 What amount will she recieve in interest in one year?
Cindy will she receive $55.76 in interest in one year
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
How much interest would you receive for 2000.00 at .5 percent interest for 1 year?
2010.00
Sam has a savings account that increased in value over a twelve month period from 8765.00 to 9006.04 He made no deposits or withdrawals in that time What annual percent interest did he receive?
2.75
At a bank to receive interest is a minimum balance required?
If an account is interest based then any amount is fine
