ok, i just signed up for paypal's money market where you earn interest. at the time, i had $10 in my account, and the money market rate is at 5.04%. well some more money was added into my account and i had $20. now the money market has added 1 cent, making my total $20.01. how do i calculate the earning of 1 cent? in other words, how do i figure out how much i will earn depending on how much money is in my account? i want to know how they calculated that i gained 1 cent.....thanks so much in advance!
2007-06-02
06:11:27
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5 answers
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asked by
Anonymous