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If $2,000 left in an account for 4 years earns an interest of $320 how much would be earned if you deposit $5,000 for 7 years?

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You have to say if simple or compound interest, and whether annual interest or some other period. Assuming compound interest annually, it is 3.78%, for the second case, earnings are $1483

Posted on Apr 21, 2014

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Posted on Jan 02, 2017

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Fixed Deposit for Investment


As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.
TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

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Ignacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1250?


About $5.21. Though if it's truly simple interest then he may not earn any interest until he receives $62.50 at the end of the year.

May 26, 2014 | Computers & Internet

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Please help me solve this equation. What is the principal that must be invested for 6 years at 10.5% to earn R2200.50 simple interest


With simple interest, there is no compounding. To earn 2200.50 interest in six years, you need to earn 2200.50/6 = 366.75 each year. In order to earn 366.75 at 10.5%, you need a principal of 366.75/10.5% = 3492.86.

If the interest is compounded annually then you only need to invest 2682.13.

May 03, 2014 | Casio FX-115ES Scientific Calculator

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Compound interest


Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Nov 20, 2013 | Texas Instruments TI-30X-IISTK Scientific...

2 Answers

Find the future value of an annuity of $1288 deposited the end of the year for 14 years; money earns 7% compounded annually.


If 1288 is deposited yearly The Final Amount is:
34,399.33 USD

If 1288 is deposited only once The Final Amount is:
3,321.15 USD

Oct 11, 2013 | Vehicle Parts & Accessories

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James Street's son, Harold, is 10 years old today. Harold, a studious young fellow, already is making plans to go to college on his eighteenth birthday, and his father wants to start putting money away now...


James Street will have to deposit $5910 dollars each year, for eight years, into that "planning" account. Compounded annually, it will be just enough to cover the four amounts to be withdrawn from the account on years 7($18,000), 8($19,000), 9($20,000) and 10($21,000) of the account. Comes down to about $9 left in the account upon the last withdrawal.

Jan 26, 2011 | Computers & Internet

2 Answers

Bank process in daily interest calculation


I want how i can calculate daily profit /loss calculation on investment

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