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Q: What is the amount of money paid on the initial principal of a savings account or loan?
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Adam put $100 in a savings account. After 10 years, he had 1649 the account. What rate of interest did he earn Use the formula A= Pe^rt where A is the ending amount P is the principal (initial amount)r is the interest rate and t is time?

28%


The amount of money first deposited into a savings account is called?

i think it is PRINCIPAL but im not sure.


What is the initial amount of money borrowed or saved?

principal


The initial amount of money borrowed or saved?

principal


What is the minimun amount of money I can open a savings account with at HSBC banks?

You can generally open an account with an initial deposit of $100. There are other circumstances that the bank can consider, however. A customer service representative would be happy to give you details. The minimum amount of money to open a savings account at an HSBC bank is very low. From the information listed at their website, the minimum for a basic savings acount is ten dollars.


Is the amount of money put into an account.?

Principal


What is the amount of money put into an account?

Principal


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.


If i deposited 235.00 in 1974 in a savings account what would be my balance?

The amount in your balance would depend on the interest rate of your savings account.


How much money can be deposited into a tax free savings account?

The annual amount of money that can be deposited into a tax free savings account for 2013 is $5,500. The amount will vary depending on your country of residence.


A savings account increased by 75 is now more than 500. What is the least amount of money that was originally put in the savings account?

x > $425.00


What is a CD savings account used for?

A CD savings account is the same as a regular savings account, but for a fixed term such as 6 months or a year or five years. The interest rate on a CD savings account is typically higher than a standard savings account because you are keeping your money in the account until maturity. Once it matures, you can withdraw the amount plus interest accrued.