# SS

How often do banks calculate interests on accounts with simple interest?

daily
weekly
monthly
yearly

yearly?

1. 👍 0
2. 👎 0
3. 👁 82
1. Probably monthly.

1. 👍 0
2. 👎 0
2. My lesson says that interest can be calculated daily, weekly, monthly, or yearly.

1. 👍 0
2. 👎 0

## Similar Questions

1. ### SS

How often do banks calculate interests on accounts with simple interest? daily weekly monthly yearly yearly?

asked by Anonymous on January 31, 2014
2. ### SS

How often do banks calculate interests on accounts with simple interest? A.daily B.weekly C.monthly D.yearly My lesson says that interest can be calculated daily, weekly, monthly, or yearly.

asked by Anonymous on January 31, 2014
3. ### math

This problem has to do with exponential models. The question says, you deposit \$1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual

asked by Cecilia on March 9, 2008
4. ### Investing

Interest of 12% per year compounded monthly is roughly equivalent to an interest rate of 12.68% per year compunded yearly when using the formula: A=p(1+r/n)^nt If you solve the problem the two are equal; how can you derive 12.68%

asked by Viktor on March 27, 2008
5. ### Math

Use the digits of your birthday as the amount of your initial investment (i.e., 6/25 is \$625), calculate the value of this investment after 10 years at 3.5% APR for interest compounded yearly, quarterly, monthly, and daily. What

asked by Otrava on July 18, 2017
6. ### Math

Use the digits of your birthday as the amount of your initial investment (i.e., 6/25 is \$625), calculate the value of this investment after 10 years at 3.5% APR for interest compounded yearly, quarterly, monthly, and daily. What

asked by Abe on October 23, 2016
7. ### Math

Larry Mitchell invested part of his \$27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was \$720â€‹, find the amount invested at each rate

asked by Jimmy on November 8, 2017
8. ### algebra

Melinda invested three times as much money at 9% yearly interest as she did at 7%. her total yearly interest from the two investments was 170\$ How much did she invest at each rate Thanks !!

asked by Jacob on April 24, 2011
9. ### algebra

Larry Mitchel invested part of his \$32,000 advance at 7% annual simple interest and the rest at 6% annual simple interest. If this total yearly interest from both accounts was \$2,050, find the amount invested at each. The amount

asked by lisa on August 27, 2014
10. ### Math

Constance invested \$4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn? Please show your work :)

asked by Kathy on November 15, 2017

More Similar Questions