Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested $750 in an account paying an interest rate of 12 compounded quarterly. After 20 years, how much more money would Julia have in her account than Bentley, to the nearest 3% dollar?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: A sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

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Q: Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars at the end, what was…

A: Given problem is :   Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars…

Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and 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: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

A:

Q: A principal of $4400 is invested at 4.75% interest, compounded annually. How much will the…

A: explanation and solution is given below.....

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

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

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Q: Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will…

A: Compound interest formula is given by A=P1+rnnt Where A- Future value of investment            P-…

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How much will the…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2600 r=4.25%=0.0425 n=1 for…

Q: A principal of $4200 is invested at 3.5% interest compounded annually. How much will the investment…

A: A=P1+rnntWhere, A is the final amount,P=Principal investment,r=rate of interestn=number of times…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

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

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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…

A:

Q: How much did John deposit every month in her savings account if she had $10,000 after 33 month-end…

A: We know that from the ordinary annuity formula, A=PMT1+rnny-1rn…

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

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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: Credit card A offers an APR of 15.55%, compounded monthly, while credit card B offers an APR of…

A:

Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

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

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: Susan deposited a principal of $130 in a 7% account, compounded annually. At the same time, Jeff…

A: We have to find

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

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Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

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

A:

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

A:

Q: A principal of $4300 is invested at 5% interest, compounded annually. How many years will it take to…

A: Use formula of compound interest

Q: Abigail invested $77,000 in an account paying an interest rate of 8% compounded annually. Gavin…

A:

Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

A:

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

A:

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: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: Hamad needs $6500 in 3 years for his first-year university program. He is planning to deposit a…

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Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

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Q: If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

A: Answer to question 1. The principal amount is, P = $18,000. The interest rate is r = 6%. The number…

Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years