# 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.

1. 👍 0
2. 👎 0
3. 👁 85

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? daily weekly monthly yearly yearly?

asked by Anonymous on January 31, 2014
3. ### 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
4. ### 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
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 Abe on October 23, 2016
6. ### Compound math

(Future Value) Suppose you invest \$8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest

asked by Help on April 19, 2011
7. ### 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
8. ### college algebra

an investment of \$6600.00 is divided between two simple interest accounts. On one account the annual simple interest rate is 9% and on the second account the annual simple interest is 5.5% How much should be invested in each

asked by Anonymous on November 28, 2017
9. ### 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
10. ### math

Calculate the monthly payment necessary to retire a 3-year simple-interest loan of \$12,000 if the simple interest rate charged is 9%. Round your answer to the nearest cent.

asked by ann on July 6, 2012

More Similar Questions