ablender
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Post by ablender on Nov 3, 2015 19:11:42 GMT
Can someone help me with the following calculation please?
If I have £25 invested at 13%, how much will I earn per day?
I did £25 * .13 = £3.25.
Then I divided by 365 => £3.25 / 365 = £0.0089
Is this correct?
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webwiz
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Post by webwiz on Nov 3, 2015 19:23:01 GMT
Yes
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jimbob
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Post by jimbob on Nov 3, 2015 22:24:01 GMT
Can someone help me with the following calculation please? If I have £25 invested at 13%, how much will I earn per day? I did £25 * .13 = £3.25. Then I divided by 365 => £3.25 / 365 = £0.0089 Is this correct? If you were able to continually reinvest your interest for 40 years at 13%, you'd have 11.2k ^^;
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ablender
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Post by ablender on Nov 3, 2015 22:59:23 GMT
Thanks. Well, I think I will find to do with £11k, but 40 years? Can I have an advance on that?
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webwiz
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Post by webwiz on Nov 4, 2015 11:48:54 GMT
Can someone help me with the following calculation please? If I have £25 invested at 13%, how much will I earn per day? I did £25 * .13 = £3.25. Then I divided by 365 => £3.25 / 365 = £0.0089 Is this correct? If you were able to continually reinvest your interest for 40 years at 13%, you'd have 11.2k ^^; My calculator says £3.3k. Still a decent return on £25.
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ablender
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Post by ablender on Nov 4, 2015 11:54:13 GMT
The reason for my initial post is that I was given £0.27 of interest on £25 for 2 days. It is not that I complain if I am given more but just wanted to check.
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SteveT
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Post by SteveT on Nov 4, 2015 13:02:59 GMT
The reason for my initial post is that I was given £0.27 of interest on £25 for 2 days. It is not that I complain if I am given more but just wanted to check. The first month's interest is credited immediately (this being the minimum term). It confused me too at the beginning.
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ablender
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Post by ablender on Nov 4, 2015 13:17:07 GMT
The reason for my initial post is that I was given £0.27 of interest on £25 for 2 days. It is not that I complain if I am given more but just wanted to check. The first month's interest is credited immediately (this being the minimum term). It confused me too at the beginning. Ah! That make sense now. Thanks.
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