A certain amount of money was invested at 8% simple interest and after 9 months an equal amount was invested at 10% simple interest. Find the period in which the amount in each case become $ 52,000? How much money was invested in each case? Lütfen birini seçin: a. 3.75 years; $20,000 b. 3.50 years; $40,000 c. 3.50 years; $20,000 d. 3.75 years; $40,000

A certain amount of money was invested at 8% simple interest and after 9 months an equal amount was invested at 10% simple interest. Find the period in which the amount in each case become $ 52,000? How much money was invested in each case? Lütfen birini seçin: a. 3.75 years; $20,000 b. 3.50 years; $40,000 c. 3.50 years; $20,000 d. 3.75 years; $40,000

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

See similar textbooks

Similar questions

Complete the table by determining the balance A for P dollars invested at rate r for t years and compounded n times per year. P = $4000 r = 4% t = 15 years
You opened an account with an investment of $1,000 10 years ago. The ending balance in the account is $1,500. Given annual compounding, what interest rate was earned on the account?
businessman invested P1,000.00 and after 4 years, it becomes P1,608.44 when he investedat a certain rate of interest compounded bi-monthly. Determine the nominal rate and thecorresponding effective rate.
Choose the best answer and provide a solution. Determine the accumulated amounts after 5 years of P1,000.00 invested at the rate of 10% compounded monthly. A. 1,610.51 B. 1,628.90 C. 1,638.92 D. 1,645.31
Compute the accumulated amounts after 5 years of P1,000 invested at the rate of 10% per year compounded 1) annually A. P1,610.51 B. P1,638.62 C. P1,648.72 D. P1,628.89 2) semi-annually A. P1,610.51 B. P1,638.62 C. P1,648.72 D. P1,628.89 3) quarterly A. P1,645.31 B. P1,638.62 C. P1,648.72 D. P1,648.61 4) monthly A. P1,645.31 B. P1,638.62 C. P1,648.72 D. P1,648.61 5) daily A. P1,645.31 B. P1,638.62 C. P1,648.72 D. P1,648.61 6) continuously A. P1,645.31 B. P1,638.62 f. P1,648.72 D. P1,648.61
Find i m if an amount is invested at 6.00% compounded every 3 months. a. 6.00%, b 3.00%, c 1.50%, d 2.00%,
An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest per annum. If the investment is to be placed in 5 years. How much is the interest earned?
An executive invests $22,000, some at 7% and some at 6% annual interest. If he receives an annual return of $1,420, how much is invested at each rate? Pls thanks
An investment was made two years and three months ago at 7% simple interest. The investor has just received the principal amount of the investment along with the P 30,000 interest. What is the principal amount of the investment?
$600.00 was invested in a bank for 5 years. When the deposit was made, the bank was paying the 14% capitalizable each quarter. Three and a half years later, the rate changed to 12.2% capitalizable each month. Calculate the amount at the end of the five years.
If the principal of Php 2,500.00 earns interests of Php 185.00 in 4 years and 8 months, what interests rate is in effect? Solve comprehensively.
A principal of $12, 000 is 3/5th itself invested at \times % interest rate for 5 years. If the same principal was invested for 2 years at an annual compound interest rate of (x+4) %. The interest return amount in dollars equalsO a. $ 4, 147.20 b. $4, 292.30 c. $4,219.80 d. $4,890.4