> 3% interest on $20,000.00?

3% interest on $20,000.00?

Posted at: 2014-12-05 
How much interest would I earn in a netsaver account on $20,000.00 a month at rates 3.91%. Sorry not sure of the working out. Thanks

$782. , $3.91 for every $100

FV = PV (1 + r)^n

=20,000 (1.0391)^n

Just substitute the n for however many months you want, and that's your answer. It won't be the same every month as it is compounding

How much interest would I earn in a netsaver account on $20,000.00 a month at rates 3.91%. Sorry not sure of the working out. Thanks