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    3. I deposit to the bank with 1000$ and interest rate is 5% a year
    I deposit to the bank with 1000$ and interest rate is 5% a year

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    +1  Views: 507 Answers: 4 Posted: 10 years ago
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      4 Answers

      And your question is what? Homework I suppose?

      10 years ago. Rating: 4
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        If this deposit is to a savings account in the USA, that's a darned good rate! I've got a 90 day with a bit more than that at 4.5%, which looks pretty good for credit unions right now.  Like CLonge suggests, make sure your funds are insured.


        In one year, you will earn $50  

        10 years ago. Rating: 4
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          The inflation rate is usually higher than the interest rates. Saving money at 5% will earn less and less over time. 

          10 years ago. Rating: 4
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            What kind of account is this? Where is the bank located? Is the deposit insured?

            10 years ago. Rating: 3
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