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It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.

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Q: How much money is ten percent interest?
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What does 10 percent mean in money?

Ten percent in money means ten percent of the total amount. For example, if you borrow $5,000 at ten percent interest, $500 will be added to the total you owe because $500 is ten percent of $5,000. You would, therefore, have to pay $5,500 to pay the loan back in full.


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Karen deposited 8500 dollars in a college savings account for her grandson The account earns an annual simple interest rate of 6.5 percent How much money will she have at the end of ten years?

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If you have 10000 over a period of ten years times at 15 percent how much is that?

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What is compound interest is?

compound interest is interest on interest and again interest on amount together with principle plus interstWhen. Interest compiles eg you have 10% interst on 100 , so after a year you have 110 10% again 11 pounds so you have 121 next year 10% you have 133.10 and so oncompound interest is interest that is added each year from you profits that year, an example to make this easier - say you had 200 pounds in your bank and the company was giving you ten percent per annum. after your first year you will have made 220 pounds as you take ten percent (£20) from your balance and add it on. The next year say you have the same £220 another ten percent will be added- ten percent of 220 not 200.


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How much money do you need to save to make 1 million in ten years?

If you save $100,000 each year, at the end of ten years you will have saved a million dollars.This is complicated a bit by the fact that you can save it in an interest-bearing account, meaning that you can actually get by with a little less and still come up with a million after ten years. How much less depends on the interest rate.


How much time does finance companys have to repo an automobile?

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What is the rate of interest if a sum of money doubles itself in 10 years at simple interest?

A simple interest rate of 10 per cent per year will double a sum of money in ten years.