How much interest will 10000 earn in a savings account?

+1 vote
asked Jan 15, 2018 in Investing by immac (180 points)
How much interest will 10000 earn in a savings account?

1 Answer

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answered Jan 15, 2018 by Jodie (35,100 points)
If you have $10,000.00 in your savings account and your interest rate on your savings account is 10 percent annually then you would have $1,000.00 in interest added to the $10,000.00 that you put in savings.

So at the end of the year your $10,000.00 would be $11,000.00

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