what is the amount of interest given by large banks?
370585
For checking accounts, typically nothing or next to nothing.  For savings account, anywhere from 1% to 3%, depending on the amount of money in the account.  You probably need at least 100k to get the full benefits of high interest.  The smaller banks have to give higher rates to attract customers from the bigger banks.
1043517
Use the compound interest formula:\n\nA(t) = A (1+r/n)^(nt)  where A(t) is final value, A is starting value, r is interest rate, n is number of times interest is counted in a year, t is number of years. In this case we want to figure r.  Thus,\n1690 = 1255 (1+ r/4)^(2.75)(4)\n1690/1255 = (1+ r/4)^(11)\n1.3466 = (1+ r/4)^(11)\n(1.3466)^(1/11) = (1+ r/4)\n1.0274 = (1+ r/4)\n.0274 = r/4\nr = .1096 or 10.96%
353333
The formula for simple interest is\n\nInterest = Principle * rate * time\n\nI = $3500 * 0.08 * (15/12) = $350     in 15 months\n\nSo the future value of the loan would be $3500 + $350 = $3850.\n\nSimple interest is rarely used in society these days. All bank interests are continually compounded.
1126484
COMPOUND INTEREST\n---------------------------------\n\n S = P (1 + I) n \n\nwhere:\n\nS = the future value\n\nP = the principal amount\n\nI = the periodic rate of interest*\n\nn = the # of compounding periods for the term of the loan\n--------\n\nFor example,\n\nIf the principal amount is $10,000, the periodic rate of interest is 10% and the # of compounding periods is 6, what is the value at maturity?\n\nS = P (1 + I) n \n\nS = $10000 (1 + .10) 6\n\nS = $ 17715.61\n\nhttp://homepages.cambrianc.on.ca/tutorial/thetutorialcentre/mathscience/math/compound_interest.htm\n\n\nSIMPLE INTEREST \n------------------------------\n\nAt start:\n\nT = P\n\nAfter 1 period:\n\nT = P + Pr = P(1 + 1r)\n\nAfter 2 periods:\n\nT = P + Pr + Pr = P + 2Pr = P(1 + 2r)\n\nAfter 3 periods:\n\nT = P + Pr + Pr + Pr = P + 3Pr = P(1 + 3r)\n\nAfter n periods:\n\nT = P(1 + nr)\n\n--------------------\nWhen money is borrowed, interest is charged for the use of that money for a certain period of time. When the money is paid back, the principal (amount of money that was borrowed) and the interest is paid back. The amount to interest depends on the interest rate, the amount of money borrowed (principal) and the length of time that the money is borrowed. \nThe formula for finding simple interest is: Interest = Principal * Rate * Time. If $100 was borrowed for 2 years at a 10% interest rate, the interest would be $100*10/100*2 = $20. The total amount that would be due would be $100+$20=$120. \n\nSimple interest is generally charged for borrowing money for short periods of time. Compound interest is similar but the total amount due at the end of each period is calculated and further interest is charged against both the original principal but also the interest that was earned during that period. \nhttp://www.learningwave.com/lwonline/percent/interest.html\n\n\n\nhttp://www.aaamath.com/g84-simple-interest.html \na calculater ..
1005108
Simple interest is hardly ever used anymore.\n\nIt is certainly compound interest.
509118
That depends upon the bank, actually. Call the banks you are interested in, and ask what their opening deposits are. Factors such as account type and interest rates, if any, affect this.
472291
You run a bank and a competing bank has a branch across the street.\n\nYou compound your interest annually. So you use the formula: A = P * (1+i)^n.\n\nThe bank across the street says, "We'll compound your interest every month. Their formulate is: A = P * (1+i/12)^(n*12), which gives the customer a little better deal.\n\nOkay, this means war. You start advertising weekly compound interest, or: A = P * (1+i/52)^(n*52), which is a slightly even better deal.\n\nThe other bank compounds daily.\n\nSo you decide to take it as far as you can go. You'll compound continuously. You're formula is:\n\nA = P * (1+i/x)^(n*x) as x approaches infinity. \n\nThe bank across the street can't beat that. Oh, there's no infinity button on your calculator, so how do you calculate savings deposits?\n\nBy running this formula through limit theory, you use the fact that (1+1/x)^x as x approaches infinity is e, and you get the following formula:\n\nA = P*e^(i*n) for continuous compounding.\n\nI don't know of any bank that calculates interest continuously, but there are at least two natural phenomenons that change at a continuous rate.\n\nThe first is population growth, such as the number of humans on the plant, or the number of bacteria in a jar.\n\nThe other is radioactive decay, which is often described as "half-life."\n\nBoth of these natural behaviors are defined by the continuous growth formula, and it cannot be derived without limit theory.\n\nBy the away, we pretty much define calculus using limit theory, but one could argue that calculus isn't part of daily life.
864588
It could be either, but in general they use the average daily balance.  Otherwise, you could deposit $100,000 at the end of the month, get full interest on that, and then take it out again 2 days later.  Banks don't like that kinda thing.
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)
642311
interest-SIMPLE INTEREST
158774
if it is as i understood\nyou borrow =$10 000\nits profit during one year =$10 000* 0.09 (9%)= $900\nafter one year you must pay= $10 000+$ 900=$10 000 * (1.09)\n\nsimilary for the second year =$10 000*(1.09)^2\nsimilary for the third year =$10 000*(1.09)^3\n\nafter ten years=$10 000*(1.09)^10=$23 673.6367\n\nThe rule F=P*(1+i)^n\nF:Future Value Of Money\nP:Present Value Of Money\ni:Interest Rate During Certain Period (e.g. one year)\nn:Number Of Periods (e.g. ten years)
32982
The interest goes to the holders of the US debt that could be in Savings Bonds, US Treasury Notes and other US debt obligations.
450896
I heard if you put 1 mil in a savings account, you get a much higher interest rate, like 10%.  So I would put it in the bank and live off the interest.
338417
The APR calculation can differ from bank to bank and it is like a "3 page calculation". At least that's how my bank's interest group explained it to me when my group was trying to answer client's questions.\n\nIt's obviously not that bad, but this link gives you a good idea:
303339
The rate at which Federal Reserve loans money to Banks.
1153478
B is the answer.  If they pay before interest kicks in, no cost other than the goods themselves are involved. "0" percent APR.
535975
The security deposit is supposed to be deposited in a banking establishment that is listed in the signed lease agreement for the unit.  The interest is usually the same as that of a passbook savings account.  About 1%