Want to see the full answer?
Check out a sample Q&A here
Related Calculus Q&A
Find answers to questions asked by students like you.
Q: 6000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…
A: $6000 is invested in a bank account at an interest rate of 6% which is compounded continuously for t…
Q: 6000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded…
A: NOTE: Refresh your page if you can't see any equations. . for continuous compound, use the formula…
Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…
A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…
Q: If you invest, $8950 at the annual rate of 6.75% compounded continuously, how much money will be in…
A: Given ,investment (P) = $8950annual rate (r) = 6.75% r = 0.0675Period (t) =…
Q: 8000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…
A: The formula for compound interest, including principal sum, is A = P 1+rnnt Where A = the future…
Q: Suppose you have 15,000 to invest. Which of the two rates would yield the larger amount in 2 years:…
A: Click to see the answer
Q: A sum of money doubles itself at compound interest in 15 years. In how many years will it become…
A: Click to see the answer
Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…
A: Click to see the answer
Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…
A: Click to see the answer
Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?
A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…
Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…
A: First write compound interest formula as I wrote in step 2 We need to calculate rate So we put all…
Q: A $1000 investment earns interest at a rate of 4.2% per annum, compounded monthly. Another…
A: Click to see the answer
Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…
A: We have to find the difference between the amount received by Matthew and Peyton.
Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?
A: Click to see the answer
Q: Suppose $9500 is invested at 6% interest, compounded annually. Approximately how long will it take…
A: Given Principal =$9500 rate =6% compounded annually Amount = $12,000
Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…
A: amount = P (1+r/n)nt Interest = amount - Principal
Q: 6000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…
A: Click to see the answer
Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…
A: Given : $2300 is invested at 12% interest, compounded daily
Q: if john invests $10,000 in an account that pays annual interest of 4% compounded continuously, then…
A: SOLUTION-
Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…
A: Given that the initial principal balance is $800, the rater of interest is 4.25 %, the number of…
Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future…
A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the…
Q: If $25,000 is invested at 9% compounded continuosly, then how long will it take for the investment…
A: Given :- Rate of Interest (R) = 9 % Present Value (P) = $ 25000 Actual…
Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…
A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…
Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…
A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…
Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily find the value of the…
A: Click to see the answer
Q: $700 invested at 6% compounded daily after a period of2 years
A: $700 invested at 6% compounded daily after a period of2 years
Q: Lucy invested $30,000 in an account paying an interest rate of 6.6% compounded continuously.…
A: given that principle amount invested is p=$30000rule of interest, r=6.6%=0.066time period, t=9 years
Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?
A: Click to see the answer
Q: 7000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…
A: Given, $ 7000 is invested in a bank account at an interest rate of 6 % per year, compounded…
Q: . $700 invested at 6% compounded daily after a period of2 years
A: To find the amount after 2 years if $700 is invested at 6% compounded daily. Solution: We know,…
Q: a person deposited 1000 in a 2% account compounded continuously. in a second account, he deposited…
A: Explained below
Q: $600 invested at 5% compounded daily after a period of3 years
A: Click to see the answer
Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…
A: Click to see the answer
Q: See photo attached, thank you.
A: Click to see the answer
Q: Jaidee invests $1,966 in a savings account with a fixed annual interest rate of 2.45% compounded…
A: The formula for continuous compound interest is given by A = Pert Where A is future value P is the…
Q: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…
A: Click to see the answer
Q: How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded…
A: To find time we use formula: In the Given problem A=$4800P=$3000r=6.2%n=12
Q: How much does Samantha need to invest today to have $35000 in 10 years, if she invests her money at…
A: Click to see the answer
Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…
A: Click to see the answer
Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…
A: Click to see the answer
Q: Suppose a savings account pays 6% interest per year, compounded once per year. If the savings…
A: Click to see the answer
Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…
A: Given Future value =7500 r= 0.085 t=10 years
Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…
A: Topic = Algebra A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time
Q: After several years of working, Katy has savings of $1000,000. If she invest that $1000,000 in a…
A: Given: Principal amount(P0)=$1000,000 rate of interest(r)= 5%=5/100 time(n)=20 years…
Q: Jerome will be buying a used car for $15,000 in 3 years. How much money should he ask his parents…
A: Given, Future value A=$15,000 Interest r=0.05 Time t=3 To find the Present…
Q: How much more will an investment of $15,000 earning 6.5% compounded continuously for 5 years earn…
A: Click to see the answer
Q: Find the balance if $14000 is invested in an account paying 6.5% interest compounded continuously…
A: Click to see the answer
Q: The value of a savings bond is growing by 2.8% per year compounded continuously. At this growth…
A: Click to see the answer
Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…
A: Click to see the answer
Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…
A: Click to see the answer
