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about $15
about 7$, ur welcome (A+)
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest You will get 3000 every year for a fixed deposit of 50000 @ 6% per year
$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter
about $15
about $16
about $15
about $15
>about $15 <
about $5
bout $16
15.97 approx.
about 7$, ur welcome (A+)
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000