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Q: If there is a fall in the intrest rate?
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What is a fee for the use of money?

intrest rate


What is the present value of an investment if its future value is 10000 for 6 years?

$7,903.50 if the intrest rate is 4% (A high bank intrest rate percentage)


What is a high interest rate on a personal loan?

what is the currnet rate of personel loan intrest


Factors affecting exchange rate?

government policy intrest rate parity balance of payment changes


Why do banks lend?

to make money through intrest charges. The intrest they charge for lending is always a higher rate than what they will pay you if you save with them, so they always make money.


How do exchange rate affect businesses?

The local economy will be higher raising on inflation and the value of currency of the price will be in intrest rate as decreasing.


How does interest rate work on a credit card?

You are charged an annual intrest rate for example 18%. Intrest is calculated by the day. For example if you want to know how much a company is charging you per day for a balance all that you need to do is take the intrest rate that is being charged divide that by 365 ( days in a year) and then multiply that by the amount of your balance. For example your balance is $1000.00 your intrest rate is 18% 18%/365=0.0004931 0.0004931 x 1000.00=$.049 in this example you are being charged $.49 per day wich would equal about $180.00 per year for a $1000.00 balance. But keep in mind that the credit card companies are going to chare you intrest on the intrest that accrues so you would end up paying more than the $180.00 per year


What will the federal reserve system do if the economy is growing too slowly?

Lower the intrest rate on loans


What is simple intrest?

This was answered by a 6th grader. Example- Principal - 100 Intrest Rate - 5% Time in years - 3 100 x .05 = 5 5 x 3 = 15


If you invested 300 at 4 intrest for 3 years how much simple intrest will you earn?

Simply multiply the capital, the number of years, and the interest rate. Note: Presumably, the interest rate is a percentage, so you can express it as 0.04 or as 4/100.


How much interest would be paid on 75000 at 0.65 percent?

if .65 is annual rate.. and you are calculating annual interest.. then 75000*.65/100 = 487.5 annual intrest just make sure the interest rate and period should be same. for example you need to calculate monthly intrest from above equation then u have to divide your answer by 12 487.5/12 = 40.625 monthly intrest


Interest rate of cash credit account of sbi?

10 Lakh ka cash credit account ka kya sbi bank ka intrest rate hai