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It depends on where you deposit. Usually Fixed Deposits or CD's carry an interest of around 3-4%. So at 4% interest you should get nearly 360 million dollars every year. Also this interest rate varies from bank to bank.
Interest per year = p * n * r / 100
P - amount you deposit
N - number of years
R - rate of interest
What else can I help you with?
Is a million million dollars worth a Billion dollars?
No. A million is 1/1000th a billion. So it takes 1000 millions to make a billion. 1 million = 1,000,000 (6 zeros) 1 billion/milliard = 1,000,000,000 (9 zeros) 1 trillion is 1,000,000,000,000 (12 zeros)
How much is 1000000000 dollars?
One billion dollars is equal to 1,000 million dollars. In numerical form, it is written as $1,000,000,000. This amount can also be expressed as $1 billion or 10^9 dollars. It represents a significant sum of money, often used in discussions about national budgets, corporate valuations, or large financial transactions.
One thousand dollars is invested in a savings account that pays 9 interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principal?
If one thousand dollars is invested at an interest rate of 9% per year, the interest earned after the first year would be $90 (calculated as 0.09 x 1000). This interest is added to the principal, making the new principal $1,090. In the second year, the interest earned on this new principal would be $98.10 (calculated as 0.09 x 1090).
What are the benefits of low interest rate credit cards?
Having a low interest credit card is preferable because it costs you less to use it. For example, if you have a 9% interest rate and you charged $100 on your card, than you would also have to pay $9 interest on that $100 dollar purchase. If you have a 29% interest rate on a $100 purchase than you will have to pay $29 dollars on that $100 purchase.
What is the future value on an ordinary annuity of 12000 dollars per year for three years at 9 percent interest compounded annually?
39,337.20
How many zeros in 78 billion dollars?
There are 9 of them in: 78,000,000,000 dollars
How many 10 dollar bills in 90 billion dollars?
9 billion
How much interest do you get from a bank each month if you have 150000 dollars in it at 9 percent interest?
9% of 150000 dollars = 150000*9/100 = 13500 dollars 13500 dollars per year = 13500/12 = 1125 dollars per month.
Jennifer invested 3300 in a savings account with a yearly interest rate of 6 for 9 years How much simple interest did she earn?
$2275.28
What is worth 100 billion dollars in the world?
Nothing, but the most expensive thing I heard ofis actually a video game in Hollywood which is 9 billion dollars plus tax.
How do you write 1 billion Australian dollars?
You can write 1 billion Australian dollars like this 1,000,000,000 AUD. You can also save 1 x 10^9 A$ or AU$.
How many dollars in 1 billion cents?
1 cent = 0.01$ = 10^-2 $ 1 billion cents = 10^9 cents 10^9 x 10^-2 = 10^7 =10 million dollars
What is 500 percent of 9 billion?
500% of 9 Billion would be: 9 Billion (100% of 9 Billion) + 9 Billion (200% of 9 Billion) + 9 Billion (300% of 9 Billion) + 9 Billion (400% of 9 Billion) + 9 Billion (500% of 9 Billion) = 45 Billion.
How much would it cost to buy all Yugioh cards?
i think about 9 billion dollars
How many days would it take to get 1 quintillion dollars if you earn 1 billion a day?
1 quintillion dollars =$1qn =$ 1e+18$1bn = $ 1e+9$1qn/$1bn= 1e+9 = 1 billion days = 1e+9/365.25 = 2,737,850.8 years!It will take one billion days or two and a half million years!
Is a million million dollars worth a Billion dollars?
No. A million is 1/1000th a billion. So it takes 1000 millions to make a billion. 1 million = 1,000,000 (6 zeros) 1 billion/milliard = 1,000,000,000 (9 zeros) 1 trillion is 1,000,000,000,000 (12 zeros)
What is the simple interest on 3 500 at 9 ½ percent for 1 ½ years?
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
