incentives to open a bank account


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Tommy has three savings accounts in different banks. From account A, h..
Tommy has three savings accounts in different banks. From account A, he shifts 20% of the funds to account B and 5% to account C. The rest remains in account A. From account B, he transfers 10% of the funds to account A..
A researcher wishes to estimate, with 99% confidence the proportion of..
A researcher wishes to estimate, with 99% confidence the proportion of executives who have a bank account in 'ABC' bank. A previous study shows that 38% of those interviewed had a bank account in that bank. The researcher wishes to be accu..
Jason wants to withdraw $1081.50 from his savings bank account. The mi..
Jason wants to withdraw $1081.50 from his savings bank account. The minimum balance to be in any savings account is $400. What is the amount that should be there in Jason's account? => $1457.26 or $1469.25 or $1481.50 or $1427.26..
A bank pays 4% interest compounded yearly on a deposit of $900. What w..
A bank pays 4% interest compounded yearly on a deposit of $900. What will be the balance in the account after 7 years? => $1288 or $1088 or $2376 or $1188..
Tommy deposited $812 and $582 in a bank in the past two months. Estima..
Tommy deposited $812 and $582 in a bank in the past two months. Estimate the amount in his account to the nearest hundred. => $1,200 or $1,400 or $1,300 or $1,500..
Sunny deposited $423 in his bank account last month and he deposited $..
Sunny deposited $423 in his bank account last month and he deposited $978 this month. Estimate the total amount that Sunny deposited. => $1,400 or $1,200 or $1,300 or $1,500..
Lauren deposits $3000 in three different banks - Bank1, Bank2 and Bank..
Lauren deposits $3000 in three different banks - Bank1, Bank2 and Bank3 - at an annual compound interest of 3% in Bank1, 4% in Bank2 and 7% in Bank3. Find the balance in each of the bank accounts after 6 years..
Find the balance in Mrs. Charlie's account after 6 years, if she had d..
Find the balance in Mrs. Charlie's account after 6 years, if she had deposited $11000 in her account 4 years ago. The bank pays a simple interest of 8.4% annually. => $21240 or $19240 or $19740 or $20240..
Tommy withdrew an amount of $25 from his bank account, which had a bal..
Tommy withdrew an amount of $25 from his bank account, which had a balance of $10,000. What percent of the total amount did he draw? => 0.25% or 25% or 1.25% or 0.75%..
A bank pays 3% interest compounded yearly on a deposit of $600. What w..
A bank pays 3% interest compounded yearly on a deposit of $600. What will be the balance in the account after 4 years? => $575 or $1350 or $675 or $775..
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