I have a savings account with .025 percent annual interest. How much will I make in 9 months on $10,000?

I have a savings account with .025 percent annual interest. How much will I make in 9 months on $10,000? Asked by mina21 5 months ago Similar questions: savings account 025 percent annual interest make months $10 000 Science > Math.

Similar questions: savings account 025 percent annual interest make months $10 000.

The formula for interest:principle * (1+(interest rate/100))^period10000*(1+.00025)^.75=10001.87So, about two bucks. If you let it go a year, they'd give you $2.50..025% is practically nothing.

That would make more sense.2.5% is as a whole fraction, 1/100th of that, or 0.025. Then you'd make 10000 times 0.025 times 9 divided by 12, or $187.00 .

I need a good safe money market account that pays more than a fraction of a percent in interest to park some.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.