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Question

if you put one million pounds in the bank,how much interest would you get per day?

Submitted: 938 days and 11 hours ago.
Category: General
Value: $25
Status: AWAITING CUSTOMER ACTION

Answer

Hello,

A good rate on a UK savings account is about 5.25%. That is annual rate, so you would divide that rate by the number of days in a year to determine the daily interest. Based on an account with that interest rate, if you put £1 million into such an account, you would get £143.84 each day.

I hope this helps!

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Expert: Guru_Guy
Pos. Feedback: 100.0 %
Accepts: 
Answered: 4/29/2007

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