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You deposit 265 in a bank account that offers 5 annual compounding interest. At the end of five years your total earnings in interest are?
Wiki User
∙ 7y ago
$73.21
Wiki User
∙ 7y ago
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What is cumulative deposit?
Interest will be give at the end of period.
What are cdrates?
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
What do you do if the ATM is miscalculating your deposit?
Manually calculate the amount of your deposit, and look at the screen after inserting each check to make sure that it is properly reading the face value. If necessary, manually adjust the value
How to y calculation on interest of fixed deposit?
RBI does not have any chairman or Director. They only have a Governor. The present Governor of Reserve bank of India is Duvvuri Subbarao. Some of the previous governors of RBI in reverse order are:Y VenugopalBimal JalanC RangarajanS VenkitramananR N MalhotraA GhoshManmohan SinghI G PatelM NarasimhamK R PuriN C Sen GuptaS JagannathanB N AdarkarL K JhaP C BhattacharyaH V R IyengarK G AmbegaonkarSir Benegal Rama RauSir C D DeskmukhSir James TaylorSir Osborne Smith (The first governor)Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.Each country has a central bank that supervises the banks that operate in that country.You can use the below formula:P - The amount of money you depositedN - No. of years depositedR - Rate of Interest Offered by the bank.Interest = P * N * R / 100You can substitute values for p, n and r to calculate the interest you will earn on a fixed deposit.
What is the routing number for Wells Fargo California?
There are different routing numbers for different things. Direct deposit is 122000247 https://www.wellsfargo.com/help/routing_number/
What type of interest is interest paid on the amount of your original deposit plus on any interest that you have earned previously on the money in an account?
it is any interest after the first compounding there isn't a special name for it...
What is compounding rate?
Compounding rate is the interest rate at which the rate grow faster than the simple interest on deposit or loan made. It is also said "interest on interest".
You deposit 250 in a bank account that offers compound interest at a rate of 5 compounding quarterly. At the end of five years your balance is?
320.51 A+
You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
$48.76 ;)
You deposit $200 per year in a bank account that offers an annual interest rate of 6. After 5 years your total earnings in interest are?
The total interest is 67.65 dollars.
In You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
697.53 for A+
How much do you need to deposit now into an account which pays you 3 percent compounded monthly to have 10000 in 25 years?
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
What does the term annual percentage rate mean for a certificate of deposit account?
Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year
What is now account?
A deposit account that pays interest.
What is a NOW account?
A deposit account that pays interest.
What is the amount of interest that a 100 deposit would earn after compounding for one year called?
Annual equivalent percentage rate.
If you deposit 4000 in a bank account that pays 8 percent interest compounded annually how will you have in 6 years?
Annual interest calculates how much is in the bank at the time of compounding, then adds the percentage of interest. In this case, every year after the first slightly more than 8 percent of the 4 thousand initial deposit. In this particular case, at the end of the sixth year, you would have 6,347 dollars and 50 cents.
