How do I calculate monthly interest on a regular savings account?

How do I calculate my interest on a savings account?

  • Interest rate 1.85% bank balance 100.00$$

  • Answer:

    Your interest is $1.85 a year. I worked this out by multiplying the interest rate by the balance and dividing it by 100. If you want the interest for part of a year, divide the number of days by 365 and multiply it by the interest for one year.

Richoned... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.