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what Calculate the new balance after one year on a savings account if the previous balance was $230.10 and the interest rate was 4%.?
Judith Schlak
239.30
Judith Schlak
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Calculate the new balance after one year on a savings account if the previous balance was 125.39 and the interest rate was 5 percent?
$131.66
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
At a bank to receive interest is a minimum balance required?
If an account is interest based then any amount is fine
Calculate the new balance after one year on a savings account if the previous balance was 230.10 and the interest rate was 4.?
239.30
Calculate the new balance after one year on a savings account if the previous balance was 125.39 and the interest rate was 5 percent?
$131.66
What is the previous balance method?
calculates the interest you owe for your balance at the end of the previous billing period
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
How do you calculate interest in saving account Ethiopia?
the minimum balance witin the month times times pevailing interest rate multiplied by month and divide by 12
Calculate the current balance on your checking account if the previous balance was 129.32. You wrote checks for 59.73 and 32.95 and later made a deposit of 754.23.?
A balance of $790.87, assuming you've told us everything.
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
Calculate the current balance on your checking account if the previous balance was 129.32. You wrote checks for 59.73 and 32.95 and later made a deposit of 754.23?
A balance of $790.87, assuming you've told us everything.
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
