Simple interest is earned on a bank balance true false

Asked by maham237 @ 25/06/2021 in History viewed by 308 People

Answered by maham237 @ 25/06/2021

True.........Savings accounts earn interest on the amount of money deposited into the
account. The formula to determine simple interest in a savings account
is the deposit amount times
the annual interest rate times the amount of time the money is deposited

The simple interest earned on a certain amount

Asked by admin @ 10/08/2021 in Math viewed by 353 persons

The simple interest earned on a certain amount is double the money when invested for 15 years. What interest rate is offered? (a) 26.66% (b) 12% (c) 30% (d) 13.33%

A certain amount earns simple interest of rs 1750

Asked by admin @ 16/08/2021 in Math viewed by 373 persons

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned? A.Rs. 35 B.Rs. 245 …

Which of the following is true about conflicts of interest

Asked by admin @ 27/09/2021 in Business viewed by 353 persons

Which of the following is true about conflicts of interest?a. A financial dimension must be present in order for it to be a conflict of interest.b. Conflicts of interest increase …

Bank overdraft comes under which head in balance sheet

Asked by admin @ 23/08/2021 in Accountancy viewed by 453 persons

Is bank overdraft will come under which head in preparation on balance sheet

Bank overdraft is debit or credit in trial balance

Asked by admin @ 20/08/2021 in Accountancy viewed by 641 persons

In trial balance bank overdraft is debit or credit

A sum fetched a total simple interest of 4016.25

Asked by admin @ 13/08/2021 in Business Studies viewed by 360 persons

A sum fetched a total simple interest of rs. 4016.25 at the rate of 9 % p.A. In 5 years. What is the sum?

Credit balance of bank account in cash book shows

Asked by admin @ 13/08/2021 in Accountancy viewed by 545 persons

Credit balance in the bank column of cash book shows:

Which type of bank account typically offers the least interest

Asked by maham237 @ 21/05/2021 in Business viewed by 402 persons

Certificate of deposit Checking account Savings account Money market account

Closing bank balance

Asked by maham237 @ 16/02/2021 in History viewed by 528 persons

John’s bank statement shows a closing balance for a given month as $2,200 and his personal account register shows a closing balance for the same month as $2,050. John investigated …

The beginning balance on the monthly bank statement

Asked by maham237 @ 13/01/2021 in Business viewed by 336 persons

The beginning balance on the monthly bank statement for Aretha's checking account was $462.79, and the ending balance was $256.03. What can be said about Aretha's transactions for the month? …

Which is true about the interest on corporate bonds

Asked by maham237 @ 25/12/2020 in Social Studies viewed by 244 persons

Which is true about the interest on corporate bonds? It does not incur taxes. It is taxed as a capital gain. It is taxed as ordinary income. It is tax …

In simple interest what sum amounts of rs 1120

Asked by admin @ 20/08/2021 in Math viewed by 373 persons

In simple interest what sum amounts of Rs.1120/- in 4 years and Rs.1200/- in 5 years ? (a) Rs. 500 (b) Rs. 600 (c) Rs. 800 (d) Rs. 900

Payment of interest by a firm to a bank

Asked by admin @ 17/08/2021 in Economy viewed by 331 persons

Is payment of interest by a firm to a bank added or subtracted in national income

Given that the interest is only earned on principal

Asked by admin @ 12/08/2021 in Math viewed by 288 persons

Given that the interest is only earned on principal, if an investment of rs.1000.00 amount to rs.1440.00 in two years, then what is the rate of interest earned?