answersLogoWhite

0

What else can I help you with?

Related Questions

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.