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How much interest per month would a quarter of a million earn you?
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How much interest would you earn from 105 million pounds?
50000000 a month
How much interest would you earn a week with 40 million pounds?
With Interest @6% it would earn you £200,000 a month weekly £50,000 a week.
How much interest would you earn a month from 80 million pounds?
It depends on what type of bank account you put it in and with which interest rate but it would be well over £50,000 a day.
How much interest would you earn a month from 70 million pounds?
It would roughly earn you:- £22,100 Per Day £672,800 Per Month £8,073,000 Per Annum
How much interest would i get each month on 148 million pounds?
Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
How much interest would you earn from 105 million pounds?
50000000 a month
How much interest would you earn a week with 40 million pounds?
With Interest @6% it would earn you £200,000 a month weekly £50,000 a week.
How much interest would you earn a month from 80 million pounds?
It depends on what type of bank account you put it in and with which interest rate but it would be well over £50,000 a day.
How much interest would you earn a month from 70 million pounds?
It would roughly earn you:- £22,100 Per Day £672,800 Per Month £8,073,000 Per Annum
How much interest would i get each month on 148 million pounds?
Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
Is 50 thousands dollars considered to a quarter of a million?
No; a quarter million would be a million divided by 4. Or, to put it bluntly, 250,000, five times the $50,000 in the question.
If you have i million dollars in a savings account how much interest would you accumulate in a year?
about 0.1% per month(very little amount) $1,000 x 12 =12k Sorry, very low interest rates these days...
What does compound interest mean?
compounding of interest refers to the action wherein, the interest paid to us over a period of time would increase gradually.Ex: Lets say you invest Rs. 10000/- at 10% per annum which is compounded every quarter.So interest for first quarter: Rs. 250/-Principal at the end of first quarter: 10,250/-Interest for second quarter: Rs. 256.25/-Principal at the end of second quarter: 10,506.25/-the increase in interest in the second quarter is because, the interest paid during the first quarter is also considered for interest payment in the second quarter. So, even though the principal amount we invested remains the same the interest varies because of compounding of interest.The shorter the compounding period, greater is the interest earned.Simple interest is to charge interest on the principle amount.compound interest is the interest calculated on the simple interest!
How much interest would you earn per year on one million dollars with a 4 percent interest rate?
5 million
Why are compound interest bonds better than simple interest bonds?
Imagine you have 2 different types of bonds:Compound:Let's say bond value is £100 and you get 4% quarterly interest on this investment.Your bond value after one quarter will be:Bond Value=£100Interest Earned: 4%=£4Total Value=£104After 2nd quarter, the bond value would be:Opening Value from quarter 1=£104Interest Earned: 4%=£4.16Total Value=££108.16After 3rd quarter, the bond value would be:Opening Value from quarter 1=£108.16Interest Earned: 4%=£4.33Total Value=££112.49After 4th quarter(or after a year), the bond value would be:Opening Value from quarter 1=£112.49Interest Earned: 4%=£4.50Total Value=££116.99SimpleBond Value=£100Interest Earned=16%(because it's 4% per quarter and there are 4 quarters in a year)=£16Total Bond Value=£116so bond value after a year is more under Compound than it is under Simple interest bond.The reason is because simple interest is calculated on one single figure while compound interest is calculated over the opening figure of month,quarter or year.So compound interest gives more interest income and hence it's better than simple interest bond.
What is compounded quarterly?
This is a term used while understanding the interest calculation for deposits. Compounded quarterly means - the interest would be compounded every quarter. Let us say you deposit $1000 in a bank @ 10% interest per year. One year = 4 quarters At the end of the 1st quarter: principal = 1000, Interest = 25 => Value of your investment at the end of the 1st qtr = $1025 At the end of the 2nd quarter: principal = 1025, Interest = 25.625 => Value of your investment at the end of the 1st qtr = $1050.625 If you see here, the interest earned here is 25.625 whereas the interest earned in the previous quarter was only $25. This is because for calculation of interest for the 2nd quarter, the interest earned in the first quarter would be added to the principal. Shorter the compounding interval more the interest earned.
How much interest would someone get from 8 million pounds?
That will depend on the interest rate, and for what period of time. At an interest rate of 3% for a period of one year, the amount would be 240,000 pounds. A lower interest rate would be less, a higher rate would be more.
