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What is inerest is charged only on the balance remaining in your account?
Wiki User
∙ 13y ago
It depends whether you're talking about savings or loans.
If you have money in a savings account, you ACCUMULATE interest (therefore, you make more money).
If you took out a loan, you PAY BACK interest (therefore, pay more money than you originally lent).
The actual amount of interest (as a percentage) that you will be charged depends on many factors.
- What is the central bank's interest rate?
- What is your specific bank's interest rate? (Based on that of the central bank)
- What is your credit rating? (Lower credit score means higher interest)
- How long will it be until you pay back the loan? (Longer time frame means higher interest)
- Etc.
Wiki User
∙ 13y ago
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What is yearly rate of inerest on a charge card?
Annual Percentage Rate (APR)
What aspects of your job inerest you the least?
the fact i only have a ferrari and not a porsche 911 out of it :(
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how do i calculate inerest and princible for my promisary note
How do you get into math?
haha well either you hate it or you love it... you've got to have an inerest in the subject to take everything on board and remember it.
What consequences are there for not paying your credit cards?
1. Bad credit score. 2. Higher interest rate for card balance payments. 3. Late payment penalties. 4. Collection and legal fees added to balance. 5. Lawsuit for debt collection, including legal fees and costs, and statutory interest added to your balance. 6. If judgment not paid within (usually) 30 days, more legal procedures and fees to collect on the judgment, plus statutory inerest. 7. Really bad credit score. File bankruptcy and avoid all this. Debt consolidation will NOT prevent any of thses things.
What are ecuador's 2 major points of interest?
There are two main points of inerest in Peru * Lake Titicaca ( an enormous lake) * The Andes Mountains (mountains which also run through Ecuador and Chile)
How much interest would you earn if you were to deposit 575 for 3 months at 2.88 percent simple inerest?
2.88% means 2.88/100 = 0.0288 times principal 0.0288 * 575 = 16.56 * 3 = $49.68 simple interest
Who is Abu al nasr al-farabi?
Muhammad bu-Nasr Farabi(870-950)was a great Persian scholar who worked in different fields.He wrote the Introduction to Logic:Abridgement of Logic:his interest in natural science led to his commentatories on Aristotle's Physics and on the movement of the celestial bodies.He also wrote The Power of the Soul,The Unity and the One,and the Intelligence and Intelligible.His The Model City continious to be inerest even today.However ,Al Farabi is best known fo the Encyclpedia,a definitive account of all branches of science and arts.
What sins are especially deadly in ancient Greece Did the Greeks consider anything more or less tempting than you do?
The primary sins were religious crimes and politcal crimes. Civil crimes were delt with by their families. The Greeks were no different to us - self inerest, self-indulgence, as much as they could get away with.
Which stream should one choose if he has inerest in science?
If u want to do research , u cn take all physics , chemistry and biology.. if u want to do engineering and IT fied , u cn choose physic if u want to go to medical field , u cn choose biology
What is the inerest rate if the government perpetuity pays 4 a year and is selling for 48?
The interest rate is 8 1/3 because Present Value = Payment/Interest rate Present Value = 48 Payment is 4 Interest Rate = Payment/Present Value = 4/48 = 8.33%
Pseudocode and flowchart for simple interest calculation?
begin enter Principal amount(Input) enter interest rate(Input) calculate simple interest(Computation/Processing) Display/Show/Print Give sound Simple Interest(output) end By Tomas Naxweka(Namibia)
