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X deposits Rs 100000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 11.5 percent how much would his deposit grow upto in 2years?
Wiki User
∙ 12y ago
100000
Wiki User
∙ 12y ago
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How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
What is core deposit ratio?
The core deposit ratio most likely relates to a metric used when analyzing and examining banks. It is core deposits / total deposits. Core deposits, as defined by the FDIC, are "the sum of demand deposits, all NOW and ATS accounts, MMDAs, other savings deposits and time deposits under $250,000, minus all brokered deposits under $250,000."
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
What do the bank do with the deposite which they accept from the public?
(A) Long term deposits (B) Short term deposits (C) Only Call deposits (D) Medium term deposits (E) All of the above
Lee put $5,000 into a stock market index mutual fund that grew at an average of 6.5% per year for 10 years.Without any added deposits or withdrawals, about how much is in Lee’s mutual fund account after only 8 years, if you ignore compounding?
Ignoring compounding the annual increase is 5000 * 0.065 = 325 So he gains $325 per year for eight years which is 325 * = 2600 2600 + 5000 = $7600 in total. We could have skipped some steps by doing 5000 * (1+(8*0.065)), essentially multiplying the starting number by the final percentage increase.
Do term deposits use compound interest?
It Depends. Some banks compound the interest on term deposits while some do not. The best place to find that out is in the application/opening form for the term deposit that you fill in when you open your term deposit. You can even ask the customer care representative who is helping you open the term deposit about the compounding.
What are the types of deposits available in Dubai?
Deposits in Dubai are almost similar to what you can avail in countries across Asia. Fixed deposits, call deposits, recurring deposits and flexible deposits are some of the common types of deposits available in Dubai.
What is the meaning for NRI deposits?
what is nri deposits
Are demand deposits and checkable deposits the same?
no
What types of deposits do you get with glaciers and wind?
Glacial deposits are called till. Wind deposits are referred to as aeolian deposits and include loess, dunes, and hills.
What are delta deposits and alluvial deposits?
idon'tknow why are you asking me
What is a result of stream deposits?
deltas and placer deposits
900 in savings account that earns 4 percent interest after two years how much is in the account if no deposits or withdrawals have been made?
It depends on the compounding frequency of the rate of interest earned on your bank account. Some banks compound the interest yearly and some do it quarterly. If the interest is compounded every year you will have 973.44 at the end of 2 years.
Are graded deposits sorted deposits?
Graded deposits have been sorted by size, usually by deposition from moving water.
What are sundry deposits?
Sundry deposits are assorted deposits that you may have. They may include having a checking and a savings account.
How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
Where were known coal deposits in the US in 1860?
Coal was a good source of fuel in the 1860's in the US. Large deposits were used for industry then and even today, coal mining continues in places such as West Virginia. In 1860, however, geologists had maps of where they believed that large coal deposits lay deep underground. One line of coal, for example was a continuous line stretching from the middle of Pennsylvania southward to central Alabama. Another large coal field lay beneath the cornfields of Iowa and Illinois.
