What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?
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Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Description : When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Last Answer : 1,820-apex test answer

Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Description : Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Last Answer : Total interest = 20000 × 110/100 × 110/100 × 120/100 - 20000 = 29040 - 20000= Rs. 9040 Answer: b)

The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Description : The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Last Answer : R1 =5x R2=4x T1=T2=1/2 yr [P1*5x*(1/2)]/100 = [P2*4x*(1/2)]/100 P1:P2 = 4:5 Answer: c)

Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Description : Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Last Answer : You can find that type of calculator on most large banks websites such as Bank of America or Citi. They allow you to see what your money would be like after a certain time with a certain interest rates.

What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearlyd) None of these

Description : What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearly d) None of these

Last Answer : a) 8.8% per annum compounded yearly

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Description : Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Last Answer : (A) Annually

If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Description : If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Last Answer : (C) > 20

An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

Description : An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

Last Answer : 82

What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Description : What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Last Answer : What is the total amount of money owed if $1,250 was borrowedfor four years at 3.5% interest?

What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Description : What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Last Answer : What is the total amount of money owed if $1,250 was borrowedfor four years at 3.5% interest?

Why do bank savings account interest rates change over the years?

Description : Why do bank savings account interest rates change over the years?

Last Answer : The interest rate at which they lend out money changes, which changes your interest rate. Banks are a buisness and if their interest rates are lower then your interest rates, they make no ... pay to the govenrment changes. Whnever the federal reserve rate changes,your interest rates can change.

The amount of compounded interest during 'n' interest periods is (A) p[(1+i)n- 1)] (B) p(1 + i)n (C) p(1 - i)n (D) p(1 + in)

Description : The amount of compounded interest during 'n' interest periods is (A) p[(1+i)n- 1)] (B) p(1 + i)n (C) p(1 - i)n (D) p(1 + in)

Last Answer : (A) p[(1+i)n- 1)]

What are the interest rates for a savings account from Chase bank?

Description : What are the interest rates for a savings account from Chase bank?

Last Answer : Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.

Which bank in has the highest interest in checking and savings account?

Description : Which bank in has the highest interest in checking and savings account?

Last Answer : Karnataka bank in India has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest

If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?

Description : If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?

Last Answer : 10001/999900

What interest rate is required for an investment with continuously compounded interest to double in 8 years?

Description : What interest rate is required for an investment with continuously compounded interest to double in 8 years?

Last Answer : It is approx 8.66%

An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be (A) 1000 (1 + 0.1/4)20 (B) 1000 (1 + 0.1)20 (C) 1000 (1 + 0.1/4)5 (D) 1000 (1 + 0.1/2)5

Description : An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be (A) 1000 (1 + 0.1/4)20 (B) 1000 (1 + 0.1)20 (C) 1000 (1 + 0.1/4)5 (D) 1000 (1 + 0.1/2)5

Last Answer : (A) 1000 (1 + 0.1/4)20

Han earns $33.00 for babysitting 4 hours. At this rate, how much will he earn if he babysits for 7 hours?

Description : Han earns $33.00 for babysitting 4 hours. At this rate, how much will he earn if he babysits for 7 hours?

Last Answer : 33.00 Divided by 4 is 8.258.25 is what she earns in 1 hour8.25 x 7 = 57.75Hope this helped

If Devaughn earns a C in science a D in math and an A in English what is his GPA A.3.66 B.2.33 C.2.00 D.2.66?

Description : If Devaughn earns a C in science a D in math and an A in English what is his GPA A.3.66 B.2.33 C.2.00 D.2.66?

Last Answer : Need answer

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Description : An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if ... years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Last Answer : (A) Rs. 31050

Find the amount John owes at the end of 6 years if $5500 is loaned to her at a rate of 4% compounded monthly. The amount owed is?

Description : Find the amount John owes at the end of 6 years if $5500 is loaned to her at a rate of 4% compounded monthly. The amount owed is?

Last Answer : 7445

How much is yearly salary with 13.00 an hour?

Description : How much is yearly salary with 13.00 an hour?

Last Answer : A 40 hour work week is 520.00 a week.52 weeks in a year is 27,040.00 a year.

Where to find Excel template to calculate interest compounded monthly?

Description : Where to find Excel template to calculate interest compounded monthly?

Last Answer : do you have a fixed monthly interst rate? . . . are there any principal additions or subtractions involve?

How much would 300 invested at 4 interest compounded monthly?

Description : How much would 300 invested at 4 interest compounded monthly?

Last Answer : Need answer

How do you determine the instantaneous rate of change of compound interest compounded annually?

Description : How do you determine the instantaneous rate of change of compound interest compounded annually?

Last Answer : The derivative is at*ln(a) wheret is the time period, ln is the natural log and a is the multiplier for the annual interest rate: eg if the interest rate is r% then a = (1 + r/100).

Nominal and effective interest rates are equal, when the interest is compounded (A) Quarterly (B) Semi-annually (C) Annually (D) In no case, they are equal

Description : Nominal and effective interest rates are equal, when the interest is compounded (A) Quarterly (B) Semi-annually (C) Annually (D) In no case, they are equal

Last Answer : (C) Annually

How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Description : How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Description : The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Last Answer : e) None of the above

Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Last Answer : d) All the above

I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?

Description : I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?

Last Answer : I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?” Topics: Hr Block

Is it normal to get $0.01 interest on $750 savings account?

Description : Is it normal to get $0.01 interest on $750 savings account?

Last Answer : Sounds normal. Interest rates are so flipping low. You could shop around for a higher rate somewhere.

What type of savings institution pays the most interest on a savings account?

Description : What type of savings institution pays the most interest on a savings account?

Last Answer : In the US, there are all sorts - like dozens and dozens - of banks that are offering 2.50 or 2.60% on money these days. Go to https://www.bankrate.com and click on either Savings ... but there are some mild restrictions on how many transactions per month. Really easy to find alternatives these days.

What is an average interest payment on a savings account?

Description : What is an average interest payment on a savings account?

Last Answer : I was told that my interest is half a percent per month if I don’t take any out. I was told that when I reach a minimum of $5,000 a month that my savings interest would be 1.5 percent if I switch to a high interest savings account.

What is the interest for a typical savings account on $5,000?

Description : What is the interest for a typical savings account on $5,000?

Last Answer : Edit I just called the bank. It is $3.50 a month. $42 a year.

Whats the highest savings account interest rate, and CD interest rate, you know of?

Description : Whats the highest savings account interest rate, and CD interest rate, you know of?

Last Answer : For savings I use smartypig.com. It works great.

"Are there any credit cards that pay interest like a savings account?

Description : "Are there any credit cards that pay interest like a savings account?

Last Answer : You mean a debit/credit card? I have one of them.

what Calculate the new balance after one year on a savings account if the previous balance was $230.10 and the interest rate was 4%.?

Description : what Calculate the new balance after one year on a savings account if the previous balance was $230.10 and the interest rate was 4%.?

Last Answer : 239.3

Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Description : Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Last Answer : Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.

What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Description : What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Last Answer : You have several banks to choose from for a good rate. I would use Bank of America.

Where can I find an interest calculator for my savings account?

Description : Where can I find an interest calculator for my savings account?

Last Answer : Financial institution sites such as banks offer different form of calculators to help you manage your finances. Fanniemay, Chase, and Citi bank offer a lot of calculator tools to help you.

Where is the best place to find a high interest savings account?

Description : Where is the best place to find a high interest savings account?

Last Answer : There are very few banks with high interest savings account. At best you can get an account with abotu 1% to 2% interest. Ally bank offers accounts and CDs with these rates and at times have specials for 5% lock in rates.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

How many weeks will it take Blakey saving her allowance to buy a CD player cost 123.75 if she earns 8.25 per week?

Description : How many weeks will it take Blakey saving her allowance to buy a CD player cost 123.75 if she earns 8.25 per week?

Last Answer : NW = CDPC / E* = $123.75 / $8.25/week = 15 weeks

There are 6 working days in a regular week and for each day, 10 hours is working hours. A woman earns Rs. 2.10 per hour. For regular work and Rs. 4.20 per hour for overtime. If he earns Rs. 525 in 4 weeks, how many hours did she work ? 1) 245 2) 225 3) 275 4) 255 5) 235

Description : There are 6 working days in a regular week and for each day, 10 hours is working hours. A woman earns Rs. 2.10 per hour. For regular work and Rs. 4.20 per hour for overtime. If he earns Rs. 525 in 4 weeks, how many hours did she work ? 1) 245 2) 225 3) 275 4) 255 5) 235

Last Answer : 1) 245

Minimum limit in opening of MIS account a) Rs 1000/- and in multiple of Rs 1000/- b) Rs 1500/- and in multiple of Rs 1500/- c) Rs 1250/- and in multiple of Rs 1250/- d) None of these

Description : Minimum limit in opening of MIS account a) Rs 1000/- and in multiple of Rs 1000/- b) Rs 1500/- and in multiple of Rs 1500/- c) Rs 1250/- and in multiple of Rs 1250/- d) None of these

Last Answer : b) Rs 1500/- and in multiple of Rs 1500/

A present sum of Rs. 100 at the end of one year, with half yearly rate of interest at 10%, will be Rs. (A) 121 (B) 110 (C) 97 (D) 91

Description : A present sum of Rs. 100 at the end of one year, with half yearly rate of interest at 10%, will be Rs. (A) 121 (B) 110 (C) 97 (D) 91

Last Answer : (A) 121

If and 2000 is placed in a bank account that pays 3 compound interest per year how much will be in the account in 2 years?

Description : If and 2000 is placed in a bank account that pays 3 compound interest per year how much will be in the account in 2 years?

Last Answer : 2120.8

If and 2000 is placed in a bank account that pays 3 compound interest per year how much will be in the account in 2 years?

Description : If and 2000 is placed in a bank account that pays 3 compound interest per year how much will be in the account in 2 years?

Last Answer : 2120.8