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How do you calculate how much interest rate should be given for 6 month saving deposit?
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∙ 12y ago
I calculate the interest rate should be given for 4 month saving deposit
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∙ 12y ago
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Why should you deposit money in your bank?
You can earn interest.
Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
What is the yearly interest on 9 billion dollars?
It depends on where you deposit. Usually Fixed Deposits or CD's carry an interest of around 3-4%. So at 4% interest you should get nearly 360 million dollars every year. Also this interest rate varies from bank to bank. Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest
Where can you find the best CD interest rates?
CD rates refer to Certificate of Deposit rates. To find the best CD interest rates in your area, you should should speak to a financial adviser or contact your local bank representative.
On average how much deposit should mortgage buyers expect to put down on a new house?
Most banks require that a home buyer put down at least 25% of the value of the home on the deposit. Should one be able to put down more then the minimum deposit they could possible get a better interest rate on their mortgage.
Why should you deposit money in your bank?
You can earn interest.
Should she return your deposit?
obviously she has to return my deposit with the interest and if she is rich and willing to give me added more money is k.
How much money do I need to deposit for a secured visa credit card and what are the interest rates like for them?
The lowest amount you should deposit in a secured visa credit for you get interest is $ 500.00. Expect to get 5 % interest back into your account.
The earned interest on deposit is a credit or debit entry and against what should be done?
credit
A certificate of deposit is best for?
A certificate of deposit is best for savings as they have a fixed interest rate. The drawback is that you should not cash it in until it reaches maturity.
Are certificate of deposits taxable?
No, the monies that are in your Certificate of Deposit are not taxable but the interest that you make on the deposited monies are taxable. You should receive a 1099-B each for the amount of interest made on the CD for the year. http://taxresolutionaries.blogspot.com
Does a security deposit collect interest?
Landlord-tenant relations are governed by municipal regulations, hence, they vary by city, but it is normal that a security deposit should collect interest. Of course, we are in a period of history in which interest rates in general are remarkably low, so I would not expect to collect a lot of interest.
Is it necessary to give tent security deposit receipt?
Not if it's mentioned on the lease. It then should tell the Tenant (not "tent") where this deposit is located and whether it bears interest.
Where/when should I start saving for my children's college education?
This obviously depends on your income. But it would be recommended to start saving at least 4 years before, one year for every year of university. Simply open an account at any large trusted bank and deposit money into it when you can. You can also consider student loans as they have very little to no interest. Call around your local banks to ask about the interest rates that they give and choose the one with the highest, since you won't be taking any money out of your saving account and so high interest is good!
Which of these steps should be performed first to calculate simple interest?
change % to decimal
Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
If certifacate of deposit is just in safe deposit box is that ok?
Yes. It should be OK. Certificate of Deposits are important documents that carry a value (as much as the money you deposited with the bank + interest). So, it is important to keep them in a safe place and a safe deposit box should be perfectly fine.
