Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously. Alyssa invested $33,000 in an account paying an interest rate of 7-% compounded 4 daily. After 19 years, how much more money would Charlotte have in her account than Alyssa, to the nearest dollar?

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: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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

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

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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: Alyssa invested $180 in an account paying an interest rate of 8 3/8 % compounded annually. Lily…

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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: 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 Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

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Q: If you invest $2,593 compounded annually at 8.5%, how long will it take to double your investment?

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

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Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

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

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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 $1500 is invested at 3% interest, compounded annually. How much will the investment…

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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: 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…

A:

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: 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: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

A: Given: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

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: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

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

A:

Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: Kayla invested $88,000 in an account paying an interest rate of 8% compounded daily. Sadie invested…

A:

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: ack invested $7,100 in an account paying an interest rate of 3% compounded ontinuously. Henry…

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

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Q: Jim places $1000 in a bank account that pays 5.6% compounded continuously. After 1 year, will he…

A: compounded continuouslyA=P ertcompound interestA=P1+rnnt

Q: A company needs $5,600,000 in 8 years in order to expand their factory. How much should the company…

A: To find P if the interest compounded weekly, substitute 5600000 for A, 8 for t, 0.08 for r and 52…

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 25,000 is invested at 12%, How much will it be worth after 5 years if it is compounded annually?

A: Remember that, Compound interest (or compounding interest) is the interest on a loan or deposit…

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: What amount must be invested in order to have P128 376.52 after 8 years if money is worth 6%…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

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: Douglas is saving up money for a down payment on a condominium. He currently has $3156 but knows he…

A: Douglas invests the $⁢3156 in an account that earns 5% annually, compounded quarterly, it take…

Q: A couple needs $23,335.13 as a down payment for a home. If they invested the $7,000.00 they have at…

A: