He earned just over 0.21 per week, so it would be rounded to 0.21 per week.
It will be 3500.
100
It was 10200.
463.72
8500 x ((1.065) to the 10th power) = 15955.67
The amount in your balance would depend on the interest rate of your savings account.
Roxanne deposited $300 into a savings account earning 5¼% annually. What is her balance after 1 year
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
It will be 3500.
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
Compound interest
An orange account earns high interest, there are no fees attached and you do not need a minimum balance in your account. Most regular savings accounts have a minimum balance and really low interest rates.
You will see your balance and any interest earned.
The function of a money market savings account is to earn a higher interest on your balance. Interest is based on current rates in the money markets. A minimum balance is usually required for investment.
The number of times interest is calculated for your account Total in your account Interest rate