At what rate will $1,000 grow to $1,300 in 2 years? Express the rate as a percent and round your answer to one decimal place.

Q: small town has 3000 people, but began to grow at a rate of 2.4% compounded continuously for seven…

A: Given- Population of small town=3000 people That is , Principal(P)=3000 rate(r)=2.4%=0.024 Time(t)=7…

Q: Julia invested $48,000 in an account paying an interest rate of 7 1/8 % compounded daily. Cameron…

A: for continuous compound, tripling time is given by t=ln3r here we have r=7.75%=0.0775 (for Cameron)…

Q: long would it take R20 000 invested today at a nominal annual continuously compounding (NACC)…

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Q: Find an equation for the balance t years after January 1, 2010 Find the balance at the beginning of…

A: Given, initial balance = Principal = p = 5000 time period = t years rate of interest = r =  5% per…

Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: If P dollars are invested at an annual rate r compounded annually, at the end of 2 years it will…

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Q: if p dollars is invested at an annual rate r compounded annually l, at the end of 2 years it will…

A: Given that: Principal amount, P = $1000                     Compounded amount, A=$1300…

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: look at attachment need for reference

A: The formula used for Continuous compounding interest:

Q: The amount of money in an account with continuously compounded interest is given by the formula A =…

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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: How long (in years) would $600 have to be invested at 11.9%, compounded continuously, to earn $400…

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Q: Recall the investment formula: A(t) = P( 1 + r)t , where t is in years. Given an investment (P) of…

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Q: Suppose you have $14,000 to invest. Which of the two rates would yield the larger amount in 3 years:…

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Q: How long will it take for $5000 invested at 6%/a compounded monthly to grow to $6546.42? a) 4.5…

A: Option (a) is the correct choice The details calculation is given below

Q: how long (in  years) would $500 have to invest at 8%, compounded continuously, to amount to $925?(…

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Q: The rate of fingernail growth depends on many factors, but in adults, nails grow at an average rate…

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Q: If P dollars is invested at an annual rate r compounded annually, at the end of 2 years it will have…

A: Given  A = $1800 P = $ 1000 t = 2 years Let interset rate = r%

Q: The rate of fingernail growth depends on many factors, but in adults, nails grow at an average rate…

A: To determine the equation for the nails growth over the month

Q: You invest in an account paying 10% compounded monthly. How long will it take for you to double your…

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Q: How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to…

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Q: At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at…

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Q: The annual rate, r, compounded annually, it takes for 1 dollar to grow to A dollars in 2 years is…

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Q: It is projected that, t years after the start of the 2020, the population of city will be…

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Q: If the principal P is invented at an interest rate r compounded anually, the amount A after t years…

A: Given P = 10000A = 20000r = 15%

Q: How long did it take for an investment of $22,500 to grow to $28,000 at 2.64% compounded…

A: Given  Principal =$22,500 Final Amount =$28000 Rate r=2.64% Compounded semi-annually

Q: At what nominal rate compounded continuously must money be invested to triple in 6 ​years?

A: Formula for continuously compounded is given by A=Pert Where A is total amount P is Principal Amount…

Q: A culture of 200 bacteria growing in a Petri dish doubles in size every 3 hours.  The number of…

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Q: Larry has $1600 to invest and needs $2700 in 17 years. What annual rate of return is required for…

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Q: At the end of t years, the future value of an investment of $50,000 at 7%, compounded annually, is…

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Q: have

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Q: Maria's parents invested $14,000 at 6% per year compounded monthly. How much money will there be in…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at…

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Q: Renata invested $500 at 5% compounded monthly for 4 years. What will the investment be worth at the…

A: We know that, A= P(1+(r/n))nt where, = final amount = initial principal balance = interest…

Q: How long (in years) would $600 have to be invested at 11.7%, compounded continuously, to earn $400…

A: Given,  Initial amount= P= 600  Interest amount= 400 So, final amount= A= 600+400=1000 Interest…

Q: Suppose you have 15,000 to invest. Which of the two rates would yield the larger amount in 2 years:…

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Q: Find the balance if P50 , 000 is invested at an annual rate of 10% for 5 years compounded…

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Q: Jerome will be buying a used car for $6,000 in 3 years. How much money should he ask his parents for…

A: Compounding continuously formula:

Q: Jerome will be buying a used car for $7,000 in 2 years. How much money should he ask his parents for…

A: Given:

Q: Suppose a deposit of $2,500$2,500 in a savings account that paid an annual interest rate rr…

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Q: Suppose you have $15,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

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Q: would

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Q: How much more or less money would you have to invest today to have $12,000 in 2 years at 3.50%…

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Q: If $2000 is invested at 4% interest compounded monthly, the value of the investment after t 12.04…

A: Everything is given for t years , to get invested value after 3.5 years , just substitute, t=3.5 and…

Q: Which of the two rates would yield the larger amount in 1 year: 9% compounded monthly or 9%…

A: 9%=0.09If compounded monthly then in 1 year it will be compounded 12 times. Initial amount = P ,…

Q: Suppose you have $14,000 to invest. Which of the two rates would yield the larger amount in 4…

A: Formula in C.I. : A = p(1+rn)nt p = principle ammountA = Ammount after t timer = interest ratet =…

Q: If the population of a certain county was 100,000 in 1998 and 110,693 in 2008 and the formula y =…

A: Given Population of country in year 1998 is 100,000 and Population of country in year 2008 is…

Q: A radioactive substance is decaying according to the formula y = Be-0.02t , where y mg is the amount…

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Q: A culture of 200200 bacteria growing in a Petri dish doubles in size every 33 hours.  The number of…

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