answersLogoWhite

0


Best Answer

310,685

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What would the daily interest be on 36 million pounds when the banks interest rate is 3.15 percent AER?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which banks offer credit cards with 0 percent interest?

Unfortunately no banks offer a credit card with purely 0 percent interest rather, they offer an introductory period where, for a certain period of time, the interest will be zero percent.


Which UK banks offer a 0 percent interest credit card?

Many UK banks offer a 0 percent interest credit card, including high-street names such as the Nationwide and Barclays. Smaller banks such as the Chelsea also offer this card.


What is the interest on savings accounts?

Savings accounts with traditional banks typically do not have high interest rates. Banks such as Ally or ING Direct offer slightly higher interest rates that are approximately .75 to 1 percent.


Company A and B are offered the following interest rates on a loan of Rs5 million by their banks You are required to construct an interest rate swap for these firms netting 0.5 percent?

Q.No: 2. Company A and B are offered the following interest rates on a loan of Rs.5 million by their banks. You are required to construct an interest rate swap for these firms netting 0.5% to the bank acting as intermediary and be equally attractive to A and B Company Fixed Rate Floating RateA 15% MIBOR +2%B 18% MIBOR +2.5%


What fees do banks charge to convert Euros to Pounds?

The typical fee that most banks charge to convert Euros to Pounds is about three to six percent. The amount changed depends on the bank but will fall in this range.


Is 0 percent interest is genuine?

No. This is just a trick that banks use to fool innocent customers - for sure, there are several fees and commissions to pay that incorporate interest.


Which Canadian banks offer high interest checking accounts?

Schwab Bank is one of the highest Canadian banks that offer high interest checking accounts. As of March 13, 2013, their annual percentage yield is 0.10 percent.


Means of resolving the recent recession in the US America?

Reduce interest rates to 1 percent. No matter how low you make the interest rates. People are scared to borrow money. Banks are scared to lend. Banks do not want to lend out their excess reserves.


How much simple interest would you make in 5 years on the amount of 250.25 at 5.4 percent interest?

67.5675, which would probably be rounded down to 67.56 by most banks.


Banks that compound interest?

All banks do this.


What are good pricing strategies when it comes to buying a house?

When buying a house it would be wise to look at different banks and compare interest rates at different banks. You will be able to save a lot of money with even one quarter percent lower interest rates.


Who regulates interest rates?

To a certain extent the banks do. But the Fed, which lends money to banks, can have an impact on it depending on what interest they charge the banks.