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| Forum » Doubts and questions » Deposits-interest rate | Date | |
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325 msgs.
First-team player
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It says in deposits that interest rate is 7% so if I invest 50m I should get 3.5m....right..?? But I got only 200k in first week n 300k in the second week.... Thats not fair -__- |
28/04/2014 07:40 |
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Username
474 msgs.
First-team player
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the interest rate, like in real life, is per season (or per year, cant remember) so at the end of the season/year, youll have got a total of 3.5m, but not every week. It's better than a real bank where you get the annual rate at one point rather than throughout the season |
28/04/2014 09:52 |
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325 msgs.
First-team player
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hmmm....so its better i invest in stadium... expenses are charged weekly then why not interests calculated weekly... -_- anyways thanks |
28/04/2014 12:42 |
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Fiscal
4210 msgs.
Best scorer
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Chapla said: hmmm....so its better i invest in stadium... expenses are charged weekly then why not interests calculated weekly... -_- anyways thanks The interest is paid ("charged") weekly. You get that weeks worth of the season's total interest. So it is the same as expenses being charged weekly. You don't pay the entire season's expenses at once do you? Perhaps a better way to think of the interest is in a per weekly amount. Divide .07 (7 percent) by 13 (weeks in a season) = .00538. Multiply .00538 by the amount in deposit ($50m in your example) = roughly $269k. |
28/04/2014 20:13 |
| FC need more holidays - Div3/Gr9 | ||
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Username
1772 msgs.
International
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Chapla said: hmmm....so its better i invest in stadium... expenses are charged weekly then why not interests calculated weekly... -_- anyways thanks def do stad 1st dude |
28/04/2014 21:19 |
| - Div/Gr | ||
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325 msgs.
First-team player
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vgates said: Chapla said: hmmm....so its better i invest in stadium... expenses are charged weekly then why not interests calculated weekly... -_- anyways thanks The interest is paid ("charged") weekly. You get that weeks worth of the season's total interest. So it is the same as expenses being charged weekly. You don't pay the entire season's expenses at once do you? Perhaps a better way to think of the interest is in a per weekly amount. Divide .07 (7 percent) by 13 (weeks in a season) = .00538. Multiply .00538 by the amount in deposit ($50m in your example) = roughly $269k. Ok thanks... |
29/04/2014 05:00 |
| - Div/Gr | ||
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