This really depends on your interest rate and how often your interest rate is calculated. Let's assume you have a 4% interest rate, compounded, that is calculated once per month. That equals just under $110 per day!
A higher/lower interest rate can change things drastically and how often your interest is calculated can as well. If your interest is calculated annually, you won't really make much. If your interest rate is .2%, the effect is the same. A 4% rate is common enough and monthly calculation on compound interest is also pretty normal.
If you had 1 million dollars to put into a savings account however, you'd probably already know these money facts! Enjoy!
Depends on interest rate where deposited.
5 million
It depends on the interest rate and what sort of savings you put the money into.
The interest earned on $200 million in a year depends on the interest rate applied to the principal amount. For instance, if the interest rate is 1%, you would earn $2 million in interest over the year. At a rate of 5%, the interest would amount to $10 million. To calculate the exact interest, multiply the principal by the interest rate (expressed as a decimal).
spiderman
Depends on interest rate where deposited.
60,000
5 million
It depends on the interest rate and what sort of savings you put the money into.
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
Roughly... I would say that you would earn not as much as Bill Gates. But more than $0.000001 if this helps.
At current interest rates 3 billion dollars would earn about 30 million dollars a year before taxes.
The amount of interest you earn on 10 million dollars varies greatly based on the type of investment being made. High return investments can yield over 10% while safer options are around 2 or 3%.
The interest earned on $200 million in a year depends on the interest rate applied to the principal amount. For instance, if the interest rate is 1%, you would earn $2 million in interest over the year. At a rate of 5%, the interest would amount to $10 million. To calculate the exact interest, multiply the principal by the interest rate (expressed as a decimal).
They earn 8 million dollars.
spiderman
The interest earned will fluctuate with the interest rate and type of account. As of March 2013 interest rates, the daily interest accrued would be approximately $21,918.