Compound interest
Calculate the time it takes for a bank deposit earning 2.6% p.a. interest to double.
Final Answer:
Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you want to convert time units like minutes to seconds?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
algebrabasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
Related math problems and questions:
- Deposit double years
The bank offers interest on the deposit of 4 percent per annum. In how many years will the deposit double? - Deposit for house
The current house price is $300000, with prices increasing by 3% yearly. A buyer wishes to purchase the house in 5 years. The bank requires a 10%deposit on the price of the house in order to grant a loan. How much would the buyer need to deposit each quar - Bank deposit interest
Entrepreneur Zahourek deposited 450,000 into the bank's account with 4.5% annual interest. Calculate the amount on the deposit account after three years. - Joy deposited
Joy deposited the sum of 50,000 in her bank account. After 5 months, she made another deposit of 125,000 and 6 months a lap before the withdrawal of 12,000 nairas. If the interest rate is 5% per annual, calculate how much she should have in her account. - Deposit interest
How much interest will the savings bank credit to the deposit of CZK 25,000 in 1 year at an annual interest rate of 2.5%? - Bank account CZ
We will deposit CZK 6,600 into the bank for one year with an interest rate of 2.5%. The interest tax is 15%. How many crowns will we receive after one year? - Savings bank interest
On March 24, we deposited €5,400 into the savings bank. How much interest will we earn until the end of the year, when the savings bank provides 4.2% interest on this type of deposit?
