Use the interest formula: I = p times r times t. P= 200; r = .06 (change % to decimal); t= 1 yr. 200 x .06 x 1= 12: 200 + 12 = 212; 212 - 6 = 206.
177.50
29.86
2.75%
20.05
1000*(1.08)6 = 1586.87.
Account B
Savings account interest rates can vary depending on where you're banking. These can rand from 2 percent all the way down to .65 percent. This also depends on where you have your account and how long you've had it for or if you open an account up during these interest rate deals.
Its where your savings account earns interest on the interest.
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.
The typical interest rates on a savings account is around one to three percent. You can ask bank of america or us bank. Wells Fargo offers the highest percentage on savings.
Today Tanya withdrew $960 from her savings account what fraction of the balance did Tanya withdraw?
177.50
29.86
$74.90
savings account earns interest.
A savings account earns interest.
Because loan sharks have to earn an honest living.