Blanca deposited $40,000 in an investment account.  After 30 years, the value of her account had grown to $320,000.  If interest was compounded annually, approximately what interest rate did the account earn? Group of answer choices 2.4% 8.0% 6.0% 4.8% 7.2%

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

A:

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

A:

Q: If a man received P12900 from his 4-year investment, how much was invested at 3% compounded…

A: We know formula for compound interest asA=P1+rnnT

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: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A:

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

A:

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

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: You are given a choice of taking the simple interest on $100,000invested for 5 years at a rate of…

A: First case (simple interest):

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: Match each word problem to the correct equation that best represents the situation. James invested…

A:

Q: If changing market conditions cause a company earning $12,000,000 in 2018 to project a loss of 2% of…

A: Given that the company earning in 2018 = $12,000,000 There is a loss of 2% of its profit each year…

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: How long will it take money to quadruple if it is invested at the following rates? (A) 4% compounded…

A: We have to find time to quadruple.

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 have ​$50,000 in a bank account that is paying an interest rate of 9 percent that is being…

A: Given information P=$50,000 Rate of interest r=9% ⇒r=9100=0.09 A=2P=$100,000 n=compounded annually=1…

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

A:

Q: If P2, 200 is invested at an annual interest rate of 4 % and compounded quarterly , find her balance…

A: Let P=Principle amount      r = Annual rate of interest(in %)      t =  Time( in years)If interest…

Q: If I invest $25,000 in a savings account which has a 5.75% interest rate and is compounded…

A:

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: 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: If you invested $10,000 at 9% interest, compounded quarterly, then how much would this investment be…

A:

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

A:

Q: An account pays 3.64% interest, compounded bi-weekly. Tyler invests money into this account and…

A: The formula for the compound interest is A=P1+R100t where P represents principal, R represents the…

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: Stuart Daniels estimates that he will need $29,000 to set up a small business in 7 years. (a) How…

A: Here, Amount, A= 29,000 time, t=7 rate, r=0.08 compounded quarterly so, n=4

Q: Megan and Nancy each want to save $250 000 for their retirement in 40 years. a) Nancy begins her…

A: NOTE: Refresh your page if you can't see any equations. . find the annual payment for Nancy here we…

Q: Mark heard that he could triple his money in 13 years if he invested it in a large business. What…

A: This question is related to compound interest, we will solve it using given information.

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

A:

Q: An amount of $2200 is invested at a 6.6% annual interest rate, compounded monthly. How many months…

A: Given amount is $2200 is invested at a 6.6% annual interest rate, compounded monthly. Let, after t…

Q: . An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the…

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: Dylan invested $700 in an account paying an interest rate of 1 % compounded quarterly. Sebastian…

A: Given: Dylan:Invested amount=$700Interest rate=134%Number of conversions=compounded…

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,000…

A: We have to find the depereciated value after 14 years.

Q: Mr. Charles, a rich businessman, divided his wealth of $170 million between his two sons, Jason and…

A:

Q: Approximately how long it would take an investment of 5,000 to double with an interest rate of 3.5%

A: Given that, Investment or principal (P) = 5000 Rate of interest (r) = 3.5% Amount (A) = 2 x 5000 =…

Q: A principal of $1700 is invested at 5.5% interest compounded annually. How much will the investment…

A: Please see the answer in Step 2

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: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

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: Sung Lee invests $8,000 at age 18. He hopes the investment will be worth $32,000 when he turns 25.…

A: Given: P=$8000t=25-18=7 yearsA=$32000

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

A: To find the time when the $900 invested at a rate of 6% per year compounded annually will double.

Q: Phyllis invested 750 dollars into two different accounts, a portion earning a yearly interest rate…

A: We will use compound interest formula for final value

Q: Joshua heard that he could triple his money in 27 years if he invested it in his friend's…

A:

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

A:

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…