0
Harry has 4000 invested in two savings accounts. One account earns 6 interest per year and the other pays 7 per year. If his total interest for the year is 264 how much is invested at 7?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
What is the current interest rate offered on savings accounts at ridgewood savings bank?
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
What exactly are high interest savings accounts?
It's exactly like low interest savings accounts except this time it's high. This way you can save more money in a high interest savings accounts. You have got to be high not to get this account.
Which type of account will typically have the highest interest rate?
savings accounts
What are the best online savings accounts with high interest?
The best online saving account with a high interest is the Capital One savings account. Some other good online savings accounts with a high interest are Discover, American Express, Barclays and many more.
Which has a higher interest rate checking or saving?
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how much is invested at?
2,400
What are the disadvantages of using checking accounts?
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
What is the current interest rate offered on savings accounts at ridgewood savings bank?
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
Is interest applied to the saving account?
Yes, most savings accounts pay interest.
What exactly are high interest savings accounts?
It's exactly like low interest savings accounts except this time it's high. This way you can save more money in a high interest savings accounts. You have got to be high not to get this account.
How do money accounts differ from regular savings accounts?
The means of determining interest rate. Money market account interest rates are variable and track the money market. Savings account interest rates are usually fixed.
Are there more fees in a checking account compared to a savings account?
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
Which type of account will typically have the highest interest rate?
savings accounts
What different Capital One accounts are there?
There are two different account for Capital One users. These two accounts consist of a chequeing account and savings account. The savings account accumulates greater interest.
Which bank provides the best interest on bank accounts?
There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.
