5000 x 1.03 ^ (11/12) = your total interested earned
$1.25
i have to know the money and time
A 9-month CD, or certificate of deposit, is a type of savings account where you deposit money for a fixed period of 9 months. During this time, the money earns interest at a fixed rate. At the end of the 9 months, you can withdraw the money along with the interest earned.
A 0 percent purchase credit card allows you to make purchases without paying interest for a certain period of time, typically ranging from 6 to 18 months. This can help you save money by avoiding interest charges on your purchases during the promotional period. It can be beneficial for managing large purchases or consolidating debt, as long as you pay off the balance before the promotional period ends to avoid high interest rates.
for a few days or months
$1.25
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
7.5 x 2.5 ie 18.75
20.05
$170.95
Rate of interest.
i have to know the money and time
Simple interest 140.00, compound interest (where interest is added to the previous months interest) 140.45
First find out what the interest rate is from the money lender or deposit taker.
$2,500 is your answer
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Any interest that was earned from the estate over that time will be included in the payout. The trustees will have invested the money and the interest accumulated.