90000 in bank at 8.50 for 12 months whta intrest
 

I have 90000 dollars in the bank at 8.50 for 12 months compounding intrest
how mutch do i get at end of year. thanks if you can help.

90000 in bank at 8.50 for 12 months whta intrest
 

It depends how the compounding is done, and how the interest is quoted.
{under some regulations, the rate quoted will be the annual percentage rate,
rather than the nominal rate, so it might be as simple as =90000*(1+8.5%).
If the interest per month is 8.5% divided by 12, and the interest is
compounded monthly, you'd end up with =90000*(1+8.5%/12)^12
--
David Biddulph

"Dunnning" wrote in message
...
I have 90000 dollars in the bank at 8.50 for 12 months compounding intrest
how mutch do i get at end of year. thanks if you can help.

90000 in bank at 8.50 for 12 months whta intrest
 

Depends on the bank, call and ask.

Dunnning wrote:

I have 90000 dollars in the bank at 8.50 for 12 months compounding intrest
how mutch do i get at end of year. thanks if you can help.