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Related Questions

Do you earn interest on a current account?

No, you typically do not earn interest on a current account.


Interest earned on a billion dollars?

You can earn a lost of interest on a billion dollars. The amount of interest you will earn will depend upon your rate of interest and how long you leave it in the bank.


Do all deposits gain interest?

Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.


Does all money deposited in a bank earn interest?

No. Money deposited in checking/current accounts do not earn any interest.


How much interest would I earn in one year on 100000 with a 1.75 percent interest rate?

You would earn 1750.


Do you earn interest on stocks?

Yes, you can earn interest on stocks through dividends, which are payments made by companies to their shareholders as a portion of their profits.


Why does compound interest earn more than simple interest?

With compound interest, in the second and subsequent periods, you are earning interest on the interest earned in previous periods. If you withdraw the interest earned at the end of every period, the two schemes will earn the same amount.


How much interest will 50000 earn at 3 percent for one year?

In simple interest, 50,000 would earn 1,500 in one year.


Do demand deposits earn interest?

Yes


How much interest will you earn on 600000?

40000


How much interest would you earn a week with 40 million pounds?

With Interest @6% it would earn you £200,000 a month weekly £50,000 a week.


Banks earn a profit on the difference between?

Banks earn a profit on the difference between the interest they earn through the loans disbursed to customers and the interest they pay to their deposit customers. For Ex: If a bank earns a 10% interest on loans and gives a 7% interest on deposits, the profit they are earning here is 3%