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I calculate the interest rate should be given for 4 month saving deposit
It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month
Lets say you deposit 1 million dollars in a bank. lets see how much interest the money will gain in a bank It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
To calculate how much interest one will earn on a $25,000 deposit, at the rate of 4.5% per year would to first multiply the $25,000 by 4.5%. The amount of $1125.00 would be the yearly gain. To determine how much one would earn a month, you would divide the $1125 by 12, giving you $93.75 per month.
1lakh willget
The answer will depend on the rate on interest!
I calculate the interest rate should be given for 4 month saving deposit
2 lakh per month
It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month
A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.
Lets say you deposit 1 million dollars in a bank. lets see how much interest the money will gain in a bank It depends on how you deposit the money 1 million. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 833.33 dollars in 1 month b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 3333.33 dollars in 1 month
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
To calculate how much interest one will earn on a $25,000 deposit, at the rate of 4.5% per year would to first multiply the $25,000 by 4.5%. The amount of $1125.00 would be the yearly gain. To determine how much one would earn a month, you would divide the $1125 by 12, giving you $93.75 per month.
More than 3 lakh per month...it depends on authorization of AME
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.
Assuming the 4.4% is per annum, the calculation, where p is the amount of the deposit, your equation is 5/12 x 4.4/100 x p = 510 = 27,818 to the nearest whole number