Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Investments
Fixed Deposit Accounts
Mr Srinivasan invests 55000$ in a fixed deposit account.the interest rate is 3.3% per year.how much money will he have in the account after 1year? please show your operations clearly.
1 answer
55,000 * 1.033 = ?
You can
ask a new question
or
answer this question
.
Similar Questions
Mr Srinivasan invests $55 000 in a fixed deposit account. The interest rate is 3.3 % per year. How much money will he have in
Top answer:
what is 55 000 + 55 000(.033)(1) ?
Read more.
Suppose that you want to deposit $8,000 in an RRSP account that pays interest at a fixed rate of 100r% per year compounded
Top answer:
8000((1 + r/12)^(12*4) - 1) = 750 (1 + r/12)^48 = 1.09375 1 + r/12 = 1.00186686 r/12 = 0.00186866 r
Read more.
Clarissa deposits $1000000 in a fixed account. The interest rate is 3.5 percent per year. How much money did she have in the
Top answer:
The interest earned in 1 year is 1*3.5% = <<1*3.5*.01=0.035>>0.035. The amount of interest earned in
Read more.
Brenda invests $1,000 every 6 months in a savings account with a fixed annual interest rate of 5% compounded 2 times per year.
Top answer:
To calculate the account balance after 6 years, we can use the formula for compound interest: A =
Read more.
Mrs raja invested 50000 in a fixed deposit account the interest rate was 2.8 percent how much money was in the account after 1
Top answer:
To calculate the interest earned on the fixed deposit, we can use the formula: Interest = Principal
Read more.
Each year, Cathy invests $1,200 in
her account. The account pays an interest rate of 6.3%. The formula to calculate the balance
Top answer:
To calculate the balance in Cathy's account after a certain number of years, we can use the given
Read more.
Suresh invest 45015 in a fixed deposit account which has an interest rate of 4% per year how much money will Suresh have in the
Top answer:
To calculate the amount of money Suresh will have in the account after 1 year, we need to calculate
Read more.
Harry is the owner of Harry's Hardware, each year he deposits money into a fixed deposit account for one of his employees. How
Top answer:
Harry is the owner of Harry's Hardware, each year he deposits money into a fixed deposit account for
Read more.
You deposit $2,000 in an account with an annual interest rate of 4.5%. Calculate the amount of money you will have in your
Top answer:
as usual, A = 2000(1 + .045/12)^(12*9)
Read more.
A bank pays 10% compounded annually on its three-year fixed deposit account. At the end of the three years, a 3% bonus on the
Top answer:
1.1^3 * 1.03 = 1.37093 ∛1.37093 = 1.11089 so, an effective rate of about 11%
Read more.
Related Questions
Asher cashed in a one-year term deposit after only five months had elapsed. In order to do so, he accepted an interest rate
Tara's bank account contains $250.00. She made only one deposit exactly one year ago. The bank account pays a simple interest
Mr. Flores opened an account with a deposit of $5,000
The account earned annual simple interest. He did not make any additional
chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is
Interest on fixed deposit was received for six months. The money on the fixed deposit was invested on 1 June 20.22 for a period
Gabriela invests $1,200 into a continuously compounding account with annual interest rate of 16 percent. Use the formula
Kerry Stutsman has $500 in a saving account earning .45% interest. She is considering buying a 1-year certificate of deposit
If you deposit P dollars into a bank account paying an annual interest rate r, with n interest payments each year, the amount A
At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the
Michael opened a savings account with an initial deposit of $100. Each year, his account earned interest at a rate of 8% of the
