How do you calculate a bank percent.... 4.75 percent interest on 5000 is how much every month?
146461
$5000 saved in an account earning 4.75% yearly, compounded daily, will yield $243 in one year. If it's compounded daily, your monthly return will vary, but it averages out to $20.25 a month.\n\nDinkytown has the best free calculators anywhere, below:
798202
Interest = Principal X Rate\nRate = Interest / Principal\nRate = 275 / 2500 = .11 = 11%
580744
Calculating the Effective Annual Rate\n\nBasic Financial Calculator Suppose that you have determined that the monthly rate of return on a certain investment is 0.21307991 (%). That's the monthly rate. You can multipy that number by 12 to get the nominal annual rate of about 2.55696%. But suppose you would like to know the effective annual rate (EAR)?\n\nThe effective annual rate is the annual interest rate that would yield the same result if interest was compounded annually rather than monthly.\n\nThe formula for calculating the equivalent annual rate from a monthly rate is\n1 + EAR = (1 + MR)^12\nor\nEAR = ((1 + MR)^12) - 1\nwhere EAR is the effective annual rate and MR is the monthly rate and both numbers are expressed as absolute decimals (rather than as percentages).\nPrepare the calculator\n\nIn order to work through the following example, you should prepare the calculator by first tapping the CLR key and then tap\n0 . 2 1 3 0 7 9 9 1 Enter +\nAn Example\n\nSuppose that you have calculated a monthly interest rate of 0.21307991% using your basic financial calculator. The first step in converting this to an effective annual percentage rate is to convert the monthly rate from a percentage to an absolute rate. Divide the percentage rate by 100 to convert to an absolute (fractional) rate. Tap\n1 0 0 /\nThe number that is displayed on the screen should now be 0.0021307991. The next step is to add one and then raise the result to the 12th power. Tap\n1 + 1 2 y^x\nThe number is now 1.0258714. Subtract one to get the absolute (fractional) rate, and then multiply by 100 to convert the fractional rate to a percentage. Tap\n1 - 1 0 0 X\nThe answer is 2.58714%.
337558
It depends if it's simple interest or compound (sometimes called effective interest).\n\nI'm also assuming that the 6.5% is per year.\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for simple interest is:\n\n(1 + ni)\n\nSo if we double our initial amount then this factor must be 2.\n\n1 + 0.065n = 2\n\nThis gives\n\n15.38 years (I am assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for compound interest is:\n\n(1 + i)^n\n\nSo if we double our initial amount then this factor must be 2.\n\n1.065^n = 2\n\nTo solve this we need to take logs:\n\nln (1.065^n) = ln 2\n\nWe then use the rule that ln (a^b) = b ln a\n\nn ln 1.065 = ln 2\n\nSo:\n\nn = ln 2 / ln 1.065 = 11.007 years\n\n(Again I'm assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\n(PS you can use other logs as well for this - it doesn't make a difference here)
549854
the rate is the stated rate such as 4%.  The yield is higher rate because of compounding.  Let's say $100 @ 4% per year is $4.00 income. The same 4% rate compounded monthly is higher because the intrest income is added at the end of each month. Let's say $100 @ 4% monthly is 1st month is $100 x 4% = $4.00 / 12 months is $100.33 at the end of the first month so month 2 is $100.33 x 4% = / 12 months is $100.66. and so on...  So yield is interest on top of interest.
341023
Here is the equation:\n\nloan amt times the percentage rate.  Add that to the loan amount and divide by the number of months.\n\nexample:\n\n10000   + (10000 x 6%)=10600\n10600/60=176.666
1059111
use future value calculators (on the web). also excel programs have financial functions section.\nin the interest rate divide it by 12..\nso, 10% annual = 10/12% per months. 15 month, $326 per month.. in your example, the future  value would be $5185.81...if you want to find the interest portion then subtract 326*15-5185.81 = $295.81
99025
Actually the answer provided by bluhawaii is incorrect.  It is only a "simple interest formula".  It does not take into account the compounding effect that occurs from the 5% raise being tacked on every year the 17 years.  Here are the correct numbers!\nYearEnd - Amount\n1- $52,500 \n2- $55,125 \n3- $57,881.25 \n4- $60,775 \n5- $63,814.08 \n6- $67,005 \n7- $70,355.02 \n8-$73,873 \n9-$77,566.41 \n10-$81,445 \n11-$85,516.97 \n12-$89,793 \n13-$94,282.46 \n14-$98,997 \n15-$103,946.41 \n16-$109,144 \n17-$114,600.92
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45.A=6240 dollers,P=4000dollers,r=______...\n*need to know the time period(t) to answer the question\n\n46.A=579 dollers,P=300 dollers,r=6.2%,t=______\n*use the formula I=PRT\nI= A-P = 579-300= 279\nP= 300\nR= 6.2% = 0.062\n.: I=PRT, change the formula\nT= I/PR = 279/(300x0.062)= 15 years\n\n47.U deposit 1200 dollers into a savings account that earns 3% interest compounded annually.Find the balance of the account after 2 years.\n*once again use the formula for simple interest I=PRT\nP= starting amount =$1200\nR= rate = 0.03\nT= 2years\n.: I=PRT, I=$1200 x 0.03 x 2 = $72\ncareful you are after the final amount not just the interest\nSO... final balance = $1200 + $72 interest = $1272\n\ni hope that helps. pls check if im wrong somewhere, my maths is a bit rusty :)
39368
Compound Interest= Principal Amount{1+(rate of intersest/100)^Numebr of years}\nFor you it will be\n21000=5000*(1+r/100)^5\n=>4.2=(1+r/100)^5\n=>1.33=1+r*0.01\n=>r=33%
1139097
Your math is correct but you have to remember that all rate are on annual basis. That means that if you invest 5000.00 for one year you will earn $27.00 after one year with 0.55%. \n\nThe difference between Money market account and saving account is following.\n\nMoney Market:\n\n-Ussualy requires higher minimum balance\n-You are limited to amount of withdraws (6 per month out of the six 3 can be checks)\n- Some Money Market accounts may not br FDIC insured\n\nSavings account:\n\n-Lower balance\n-Lower interest\n-Lower monthly fee if account is uder minimum balace\n-you can make up to 6 withraws per month no checks\n\n\nSome other regulations apply.\n\nHope this helps. If you need more info let me know.
32599
You are charged the "annual percentage rate" all the time. For example; if the APR is 18%, 18% divided by 12 months = 1.5% per month. \n Most times if you repay in 30 days, you pay no interest.\n On special promotions "no interest" may be 60, 90 days, or months, or next year. Whatever.
430366
Compounding when interest builds on something. If interest is charged or paid monthly then the interest compounds monthly.\n\nAnnual % rate is the rate per year. In the example of having a certificate of deposit at a bank, it is the amount that the bank gives you if you were to get paid interest once a year. Generally that number is divided by 12 and paid monthly.\n\nAnnual % yeild is the annual % rate you get when you include the interest that you earn on your interest.
459426
For compound Interest.\nA = a*(1+p/n)^(y*n)\n\nA = Final amount\na = Original amount\np = interest percentage (in this case = 6.5/100)\nn = no of times calculated/year\ny = no of years\n\n18000 = 9000(1.0325)^2y\n2 = 1.0325^2y\n\ny = [Log(with base 1.0325) 2] / 2\n\nRemembered anohter thing to help...Change of base rule\n\nlogx(b) = loge(b) / loge(x)\n\nSo next step would be..\n\ny = [ln(2) / ln(1.0325)]/2\n  = 10.836\n~~ 11 yrs
706748
Is 7% the annual interest rate?  If so, then over 60 days, that interest rate would be 7% * 60/365 = apx. 1.15%.  Divide your interest earned by that interest rate to determine your principal:\n\n54,509 / .01150685 = $4,737,091
135427
for any number of periods, month, day week, whatever all you do is multiply 1+rate times itself that many times. The standard for comparison is 1 year.\n\nSo you normally wouldn't want the two month rate, you would wnat the 1 year rate. So you take 1+.01 times 1+.01... twelve times. Or 1.01^12 (1.01 raised to the twelveth power). Then subtract back out the 1 to get the rate.\n\n12.68%\n\nThis gives you what it called APR (actual percentage rate) it is required for all lenders and those offering savings account to show their rate in this form so the consumer isn't fooled.\n\n1.01^2 = 1.0201, so it is indeed 2.01% as the other guy said.
815497
Convert the percent to decimal\n\n5.25 / 100 = 0.0525\n\nMultiply 1200 times 0.0525\n\n1200 x 0.0525 = 63\n\nAdd  1200 plus 63\n\n1200 + 63 = 1263 \n\nDaniel will have $ 1263 the first month\n\n- - - - - - s-