WebbSampson is a college sophomore who wants to open a savings account so he can save $50 per paycheck toward spring break in March. Account A offers an interest rate of 0.75% and no fees. Account B offers an interest rate of 1% and a low balance fee every month the account dips below $2500. Which account is a better option for Sampson? answer choices WebbGenerally, traditional savings accounts use compound interest too. 1 To calculate how much annual interest you’ll earn on $1,000, use this equation: A = P(1 + R/N) NT. If you have an account with $1,000 that compounds monthly with a 1% APY, first you would identify all your variables. A = the total amount you’re trying to find P = your principal amount of …
Reward Saver Account - IMB Bank
WebbThe balance of Shannon's savings account can be represented by the equation: #b=$8w+$50# , where #b# is the balance after #w# weeks. Since we are determining how many weeks it takes her to save #$450# , we can set balance #b# to #$450# WebbShannon opens a savings account with $50. Each week after that she deposits $8 into her account. How many weeks does it take her to save $450? Your Answer: Post as a guest … smart accounting group
Shannon opens a savings account with $50. Each week after that …
Webb25 nov. 2024 · shannon opens a savings account with 50$ starting with the first week each week she deposits 8$ into her account how many weeks dose it take her to save 450$ … WebbTo qualify for the special offer, make sure to: 1 . Open a new Ultimate Package or a new Preferred Package by April 30, 2024. 2. Complete any two of the following actions within 60 days of opening your account: Make an eligible $50 bill payment through online or mobile banking. Set up and clear at least 2 eligible separate recurring pre-authorized … Webb3 apr. 2024 · It also offers 2% cashback on eligible tap and pay transactions under $100 (up to $50 cashback in a calendar month). ... Linked savings accounts. If you are planning to open a linked savings account with the same provider, it’s worth checking factors such as the interest rate, ... smart accounting fremont