document.write( "Question 586251: I have 1000 dollars in my saving account and the interest is 6.5% daily and it needs to stay in the account for 1year. How much interest will I have earned after one month, three months, and 6 month, and after a 1 year? and how will it be determined. This is being done as an rational expression and equation using adding and substraction. Please help \n" ); document.write( "
| Algebra.Com's Answer #373673 by stanbon(75887)      You can put this solution on YOUR website! I have 1000 dollars in my saving account and the interest is 6.5% daily and it needs to stay in the account for 1year. How much interest will I have earned after one month, three months, and 6 month, and after a 1 year? and how will it be determined. This is being done as an rational expression and equation using adding and substraction. Please help \n" ); document.write( "---- \n" ); document.write( "Is it gaining interest at a simple interest or a compound interest rate. \n" ); document.write( "--- \n" ); document.write( "Also: 6.5^ DAILY is a highly unrealistic interest rate. \n" ); document.write( "---------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |