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Cindy has a savings account with National Bank She earns 4.5 percent annual simple interest on 1239.12 What amount will she receive in interest in one year?
$55.76 = $1239.12 x 0.045
What is determined or estimated amount of something?
It is a determined value or an estimate.
How do you figure the interest rate percentage on a 144000 when you receive 3357.15 a year interest?
To find the interest rate percentage, divide the annual interest amount by the principal amount and then multiply by 100. In this case, the calculation would be ( \frac{3357.15}{144000} \times 100 ). This results in an interest rate of approximately 2.33%.
To increase an amount by 43 you multiply by?
You cannot.If you increase 1 by 43 you get 44 which is multiplying by 44If you increase 2 by 43 you get 45 which is multiplying by 22.5If you increase 1000 by 43 you get 1043 which is multiplying by 1.043A different multiple each time!
Is a percentage of the amount loaned which is a charge for the use of the money?
INTEREST =op
How is simple interest simalar to percent?
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
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.
Which bank in has the highest interest in checking and savings account?
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
What is the high interest savings accounts?
High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.
Do Savings accounts all earn the same amount of interest?
No they don't.
What is the amount of simple interest on 290000.00 at 5 over 10 years?
The simple interest in this case is $145,000. It is calculated by multiplying the amount by the interest rate and the length of time.
What is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
What is the highest interest for a savings account at a Credit Union?
Credit Union have a savings plan where the amount of interest earned is dependant on the amount of money being saved. Further information can be found on the Credit Union website.
What exactly is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
The amount of money earned in a year by a savings account is called the?
ANSWER It is called "interest".
A percentage of the amount in the savings account which is a reward for the bank's use of the money?
interest
How is the amount of interest earned on an investment calculated?
The amount of interest earned on an investment is calculated by multiplying the principal amount invested by the interest rate and the time the money is invested for. This formula is typically expressed as: Interest Principal x Rate x Time.
