Alyssa invested $180 in an account paying an interest rate of 8 3/8 % compounded annually. Lily invested $180 in an account paying an interest rate of 8 1/8​% compounded continuously. To the nearest hundredth of a year, how much longer would it take for Alyssa's money to triple than for Lily's money to triple?

Q: Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming…

A: It is compound interest problem for calculating time period.

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

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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: How long will it take the money to triple itself if invested at 10% compounded semi-annually

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Q: Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How…

A: Given that t=time=4 yearsr=interest rate=2%=0.02A=annuity=$15000n=number of times compounded in a…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: Trinh invested $3800 at an annual interest rate of 8%, compounded annually. How much will she have…

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Q: Tom wants to have $6000 in three years .at 4.75% interest compounded monthly how much does he need…

A: used formula : A=P(1+ r/n )nt   where A=final amount  P=principal or initial amount r=annual…

Q: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

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Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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Q: an

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Q: Oliver invested $970 in an account paying an interest rate of 7 1/2% compounded continuously. Carson…

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

A: JocelynA=P1+R12002Twhere A=amount, P=principal amount, R=rate of intereset and T=time…

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

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?

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Q: how long will it take for 16200 to double if it is invested at 5.5% compounded quarterly

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Q: How much would we need to invest at 8.4% compounded monthly to have a total of $170,000 saved in 9…

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Q: How long will it take to triple the sum of money invested at 12% compounded monthly?

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Q: You have saved $7,000 towards the purchase of a car costing $9,000. How long will the $7,000 have to…

A: solution of the given problem is below ...

Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment…

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Q: A principal of  $4900  is invested at  4.25%  interest, compounded annually. How much will the…

A: use the formula for compound interest for finding the amount.

Q: How many years will it take for a sum of money to double itself at 7% compound monthly?

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

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Q: How long will it take $5000 to double if it is invested at 20% compounded quarterly?

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Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

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Q: Steven wants to put $6000 in the bank at a rate of 6.8% per year. Find the amount in the bank after…

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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: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

A: The amount for the compound interest is given by the formula as follows A=P1+rnnt where P is the…

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

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: John wants to buy a new sports car, and he estimates that he'll need to make a $4,550.00 down…

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Q: How much money should be invested monthly at 6% per year, compounded monthly, to have $2000 in 8…

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Q: Mike and Terri estimate that they want to buy a house for $174,000.00, and they need to make a down…

A: Given data:   The given cost of a house is C=$174,000.00. The given percentage of the down payment…

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: Barbara knows that she will need to buy a new car in 6 years. The car will cost​ $15,000 by then.…

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Q: The average cost of a 4-year college education is projected to be $410,000 in 15 years. How much…

A: Calculation:From the given, A = $410,000,  r = 7% and t = 15 years and n = 4.Compute the principal…

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: Tyler invested $350 in an account paying an interest rate of 4.5% compounded continuously. Assuming…

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Q: Mr. Johnson invested R25 000 at a rate of 9,95% p.a. compounded quarterly. How long will it take for…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Joshua invested $99,000 in an account paying an interest rate of 4,% compounded continuously.…

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: Francis wants to have 22000 in 10 years calculate how much he should invest now at 8% interest…

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Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

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