6000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded continuously. Meanwhile, 16000 dollars is invested in a bank account at an interest rate of 4 percent compounded annually. To the nearest year, When will the two accounts have the same balance? The two accounts will have the same balance after years.

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

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Q: At what nominal annual rate of interest will money double itself in four years, three months if…

A: Let teh present value = PAmount after the given time = ATime, t = 4 years 3 months           = 51…

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: $600 invested at 5% compounded daily after a period of3 years

A:

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: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

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Q: an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

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: How much money invested at 5 % compounded continuously for 3 years will yield $ 820

A: Given:  Rate of interest(r)    = 5%  = 0.05 (continuous compounding) Future amount(FV)  = $820 time…

Q: An Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

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Q: On the day a grandchild is born, a grandparent deposits $2000 in a fund earning 7.5% interest,…

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Q: Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt…

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Q: Adrian invested $790 in an account paying an interest rate of 6.9% compounded continuously. Assuming…

A: Principle amount, P=$790Future amount, A=$2550Interest rate, r=6.9%=0.069

Q: How long will it take $5,000 to grow to $20,000 if it is invested at 7% compounded monthly? _____…

A: We know the formula for compound interest, A = P1 + rnnt Where,  A = Final amount.              P =…

Q: Elizabeth invested $970 in an account paying an interest rate of 62% compounded daily. Matthew…

A: Given problem:- Elizabeth invested $970 in an account paying an interest rate of 65% compounded…

Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?

A:

Q: 6000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…

A:

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: Eli invested $9,400 in an account paying an interest rate of 2.3% compounded continuously. Assuming…

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Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming…

A: Given the interest is compounded continuously

Q: If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2…

A: Given : Invested amount : $ 2500  Rate : 3 %  compounded monthly  Time : 2 years

Q: A sum of money doubles itself at compound interest in 15 years. In how many years will it become…

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Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

A:

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

A:

Q: If $1000 is invested in an account earing 4% compounded monthly, how long will it take for the…

A: The compound interest formula in exponential form is

Q: If Hannah places $ 5500 into an account earning 6% interest compounded continuously, how much will…

A:

Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

A:

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: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

A:

Q: If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest…

A: *to find:- Compounded amount after 2 years.

Q: 7000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…

A:

Q: Suppose a savings account pays 6% interest per year, compounded once per year. If the savings…

A:

Q: If you invest $1700 in an account paying 7% compounded continuously, how much will be in the account…

A: We have the compound maturity formula

Q: How much money should be invested today to accumulate to $10,000 in 10 years at 4.5% compounded…

A:

Q: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A: For the following problem,

Q: A $1000 investment earns interest at a rate of 4.2% per annum, compounded monthly. Another…

A:

Q: 2000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded…

A:

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: 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: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

A:

Q: David invested $220 in an account paying an interest rate of 1.7% compounded continuously. Assuming…

A:

Q: compounded

A:

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily find the value of the…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.