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Q: How muchwill a 1 deposit be worth after 24 years if the interest rate paid by the bank is 7?
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How much will a 1 deposit be worth after 48 years if the interest paid by the bank is 6?

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How much would savings of 1550 at an annual interest rate of 2 percent be worth in 11 years?

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You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?

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How do you calculate fixed deposit interest?

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