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Interest earned is computed by taking the principal amount and multiplying it by the rate and time and divided by the time taken. The interest in this case is 30.
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What is the initial deposit to open an accout in sbi?
500/- without checkbook
What is the initial deposit to open an account?
It depends on the type of account and facilities provided. In India, for a savings account it is either Rs. 500/- or Rs. 1000/- There are even banks that ask for Rs. 5000/- as initial deposit for the features they provide.
An itemized deduction of 500 with a 36 percent tax rate would reduce a person's taxes by?
$180
When merchandise is sold for 500 dollars plus 5 percent sales tax the Sales account should be credited for 525 dollars?
Journal entry is as follows: [Debit] Cash 525 [Credit] Sales 500 [Credit] Sales tax payable 25
How do you write a 500 dollar check?
500
What is the future value of a 5-year 500 CD compounded quarterly at 1.79 percent?
It is 712.97
What is the future value of 500 invested for 15 years at 5 percent?
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
Jim has 500 in his bank account at the start of the year If his account pays out 3.4 percent interest compounded monthly how much money should he have at the end of the year?
704
What is the total amount to be repaid on a one-year term loan of 500 dollars with an interest rate of 12?
The total amount to be repaid on a one-year term loan of 500 dollars with an interest rate of 12 percent depends on how often it is compounded. If it is only compounded once during the year, you will owe 560 dollars after one year.
How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
How do you calculate 5 percent interest per year compounded annually for 500 three years from today?
A 5% increase means that your capital increases by a factor of 1.05 each year. After three years, your capital will increase by a factor of 1.05 x 1.05 x 1.05, or 1.053. Calculate this and multiply it by the initial capital.
How much would 500 dollars invested at 9 percent compounded continuosly be worth after 4 years?
This is calculated as 500 x 1.094.
How much would 500 invested at 6 percent interest compounded anually be worth after 12 years?
$500 (1.06)12 = $1,006.10
How much would 500 invested at 8 percent interest compounded continuously be worth after 3 years?
635.61
How much would 500 invested at 6 percent interest compounded monthly be worth after 4 years?
635.24
How much would 500 invested at 4 percent interest compounded continuously be worth after 7 years?
661.56
How much would 500 invested at 7 percent interest compounded annually be worth after 4 years?
655.40
