A person places Php 85,000 in a savings account which pays 13 percent interest per annum, compounded continuously. Find the time (in years) required for the account to double in value, presuming no withdrawals and no additional deposits.

Q: An amount of $25,000 is deposited in a bank that pays interest rate of 4% year, compounded annually.…

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Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

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Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

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Q: On January 1st 2021, an amount of 25000 dollars is invested in a tuition savings account and is kept…

A: Given: Amount Invested P=25000 dollars Time t=20 years Interest rate r=4%=0.04 To find : Amount of…

Q: Complete the table for a savings account in which interest is compounded continuously. (Round any…

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Q: Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate…

A: To calculate the accumulated amount after 5 years using compound interest

Q: Find the amount that results in each euqation; $50 invested at 6% compounded monthly after a…

A: The principal amount is given as P=$50. The rate of interest is r=6%=0.06 compounded monthly so the…

Q: Camila invested $9,100 in an account paying an interest rate of 4.6% compounded continuously.…

A: Given problem:- Camila invested $9,100 in an account paying an interest rate of 4.6% compounded…

Q: Suppose that the annual interest rate on your checking account is 8 percent compounded continuously.…

A: Given that:  Interest rate, r=8%                       Amount after 7 years, A=$6300…

Q: A man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. Find the…

A: Compound interest formula :A=P1+rnntHere, P=$2000r=8.5% = 0.085For compounded quaterly, n=4t=3 years

Q: An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously.…

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Q: If $5,000 is deposited in an account that receives 6.1% interest compounded continuously, how much…

A: Given, Initial amount deposited, P=$5,000Rate of interest, r=6.1%=0.61

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

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Q: Find the present value of amount. $7300 if interest is 5% compounded continuously for 3 years

A: Given, $7300 if interest is 5% compounded continuously for 3 years We use the formula A=Pert

Q: Cherry places Php 100 000 in an account for her child upon birth. Assuming no additional deposits or…

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Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

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Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: The principal amount is: P=$800 Rate of interest: r=4.25% And the time: t=5 years The interest is…

Q: Suppose that money is deposited daily into a savings account at an annual rate of $1100. If the…

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Q: Alexa invested $54,000 in an account paying an interest rate of 4% compounded continuously. Assuming…

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Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

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Q: A couple paid 30000 dollars for a house forty years ago. Today, they sold the housefor 250000…

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Q: How much money should be invested in an account that earns 3.25% interest, compounded monthly, in…

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Q: Find the interest rate required for an investment of$5000 to grow to $7500 in 5 years if interest is…

A: Given the principle of investment (P) =$5000 , amount after 5 years (A)=$7500 and time duration…

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: Carlos invests $1,357 in a savings account with a fixed annual interest rate of 8% compounded…

A: Invested amount (p) = $1357  Interest rate = 8% Time period= 8 years   We have to calculate the…

Q: A person places Php100,000 in a savings account which pays 3 percent interest per annum, compounded…

A: 2. Given that, A person places Php 100,000 in a savings account which pays 3 percent interest per…

Q: Complete the table for a savings account in which interest is compounded continuously. (Round any…

A: Let's find.

Q: Suppose that $500 amounted to $588.38 in a savings account after three years. If interest was…

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Q: If after 75 months the amount of Php 25000 becomes Php 30000, what is the annual rate of continuous…

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Q: Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2%…

A: A=P ertP is the amount deposited.r is the interest rate.t is the time period

Q: Jade invested $1966 with a fixed annual interest rate of 2.45% compounded continuously. What will be…

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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: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

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Q: Find how much money needs to be deposited now into an account to obtain $5,100 (Future Value) in 8…

A: Answer -  Given : Future value(F.V) = $5100 Rate of interest(r) = 8% = 0.08  Time(t) = 8 years…

Q: On January 1st 2021, an amount of 25000 dollars is invested in a tuition savings account and is kept…

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Q: A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and…

A: We need to find balance after 3 years.

Q: Sima invests some money in an account that earns a fixed rate of interest compounded annually The…

A: Given that, Sima invests some money in an account that earns a fixed rate of interestcompounded…

Q: In 2008, a $1,700 deposit was made to an investment account that earns 4.75% interest, compounded…

A: contneously compounded formula A =Pei*t where P = principle amount =1700             i = interest…

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

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Q: Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87%…

A: A(t) = P ert where,                 P = $ 4114                 r = 4.87% =…

Q: Suppose your great-great grandfather invested $300 earning 3.5% interest compounded continuously 100…

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Q: Suppose that money is deposited daily into a savings account at an annual rate of $800. If the…

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Q: Suppose you invest Php 25,00o0.00 in a bank. You leave the money for 6 years, each year getting 5%…

A: Principal value, P=25000Time period, t=6Rate of interest, r=5%

Q: An investment made 7 years ago has accumulated to Php 32,500. How much was invested originally if…

A: Given that : Time = 15/ 2  annually Rate = 13 % annually Amount = 32500 P = ??  By using the…

Q: How much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the…

A: The formula for future value of an annuity is defined as, F.V. of Annuity=P1+in-1i where, P=Periodic…

Q: A person places $20,000 in a savings account which pays 3 percent interest per annum, compounded…

A: Compounded continuously means interest compounded infinitely many times in a year.

Q: In a certain bank, Angel invested 88,000  in a time deposit that pays 0.5% compounded interest in a…

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Q: suppose that $2200 is borrowed for seven years at an interest rate of 2% per year, compounded…

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Q: Suppose that money is deposited daily into a savings account at an annual rate of $1100. if the…

A: Given  P: the principal, =$1100 t: the time= 4 years r: the rate, (in decimal form)=0.05