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Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Wiki User
∙ 14y ago
Interest for 1st year = $6
Principal after 1 year = $206
Interest for 2nd year = $6.18
Principal after 2 year = $212.18
Total Interest earned after 2 years = $12.18
Wiki User
∙ 14y ago
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How much money will be in a bank account after 3 years if 4 is deposited at an interest rate of 5 percent?
$4.63
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
If you deposited 1000 in a savings account that pays 8 percent interest quarterly how much could you have in eighteen months?
1000*(1.08)6 = 1586.87.
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
Juan deposited 900 in a savings account earning 4 percent interest over two years what was the total ammount earned after 2 years?
963
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
If you deposit 10000 in a bank account that pays 10 percent interest anually how much would be deposited in your account after 5 years?
5000
How much money will be in a bank account after 3 years if 4 is deposited at an interest rate of 5 percent?
$4.63
How much interest should the account earn per year if you opened a bank account and deposited 500.00 and it earns 6 percent annually?
30.00
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
Mark deposited 1256 dollars from his summer job in a savings account that pays 4.5 percent interest How much interest will he earn after one year?
100
If you deposit 10000 in a bank account that pays 8 percent interest anually how much would be deposited in your account after 5 years?
(10000)(0.8)(5)/100 ~ 10400
Troy and his wife Angela put 5000.00 of their savings into a bank account earning 7.25 percent interest How much will Trey and Angela have in all after 3 years?
Amount Deposited = 5000 Rate of Interest = 7.25 Years = 3 Interest earned = 5000 * 7.25 * 3 / 100 = 1087.50 They will have 6087.50 at the end of 3 years (Under the assumption that no compounding was involved)
If you deposited 1000 in a savings account that pays 8 percent interest quarterly how much could you have in eighteen months?
1000*(1.08)6 = 1586.87.
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
