Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest rate of 6.2% if the interest is compounded continuously? Round the number of years to the nearest hundredth.

Q: Suppose an investment account is opened with an intial deposit of $12,000 earning 8.7% interest.…

A:

Q: 5. Chris Richards has $33,200 to invest for 5 years. Which investment will yield the greater return:…

A: Given P=$33,200, t=5 years, r1=6.2% compounded quarterly and r2=6% compounded continuously Formula…

Q: Kylie invested $290 in an account paying an interest rate of 2.5% compounded continuously. Assuming…

A:

Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

A: It is given that the initial principal balance is $200 and the rate of interest of 2.5% annually.…

Q: An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of…

A:

Q: If you invest $500 in an account that has an intrest rate of 4.5% compounding monthly,    a) how…

A:

Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…

A:

Q: Recently, a certain bank offered a 10-year CD that earns 2.16% compounded continuously. Use the…

A: We have to find gross amount

Q: compounded

A:

Q: An investment of $41,800 earns 5.1% annual interest, compounded continuously. If no funds are added…

A: The principal amount = P = $41800 Rate = r = 5.1% compounded continuously Time = t = 20 years

Q: An investor deposits $5,000 into an account that pays 4% compounded continuously, and then deposits…

A:

Q: 36. (a) How long does it take for an investment to triple in value if it is invested at 6%…

A:

Q: consider an investment where $43000 is invested for years at 8% compounded continuously? how much…

A:

Q: A family invests $10,000 in a bank at a rate of 4% compounded continuously. (Round your answer to…

A: Hey, since there are multiple sub-parts posted, we will answer the first 3 sub-parts. If you want…

Q: Find the amount of time it would take for a $23,000 investment to double given the following…

A:

Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: How long will it take an investment to double in value if a 9% continuously compounded interest rate…

A: Let investment = P  If amount double, A = 2P  Interest rate, r = 9% 9100=0.09 Using formula for…

Q: What is the compound interest if $42,000 is invested for 15 years at 6% compounded continuously?…

A:

Q: 9. How long does it take for Mary to deposit $100 to an annual interest rate of 3%, compound…

A:

Q: What is the compound interest if $43,000 is invested for 5 years at 6% compounded continuously?

A: To find the final value of an investment use this compound interestformula:Investment Value = P x (…

Q: How long will it take an investment to double in value if a 5% continuously compounded interest rate…

A: Rate=5%

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

Q: how long will it take for an investment of $9,000 to double if the investment earns interest at the…

A:

Q: A person wants to have $30,000 in an investment account to buy a new car in 4 years. How much should…

A: Topic - compound Interest

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

Q: What is the compound interest if $460 is invested for 14 years at 6% compounded continuously? (Round…

A: Let the final amount= A Given that principal amount = P= 460 Time=t=14 years interest = r= 6%=0.06

Q: A Bank offered 1 3/4% interest on savings accounts compounded continuously. How much is a $5000…

A: The formula used for evaluating the amount accumulated on the amount saved in the bank compounded…

Q: What is the compound interest if $41,000 is invested for 15 years at 8% compounded continuously?

A:

Q: 4. Mr. Roberts invests $10,000 in an account that pays 3.75% interest compounded continuously.…

A:

Q: circle the final answer and read the question carefully.

A: Consider the given question,Given, Principle (P) = $17,000Rate of interest (r) = 5.4%Time (t) = 5…

Q: 5. (a) How long does it take for an investment to double in value if it s invested at 8% compounded…

A: Given query is to find the time taken to become an investment double of its value.

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

A:

Q: What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously?…

A: The invested amount is $46000 for 15 years at 8% compounded annually.

Q: Carson invested $2,700 in an account paying an interest rate of 1.6% compounded continuously.…

A:

Q: a) how long will it take an investment to double in value if the interest rate is 6% compounded…

A: Given that the investment has doubled. ie., A(t) = 2A(0)  ....(1) Interest rate is 6%

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

A:

Q: Exercise 5. What amount will an account have after 5 years if SI0,000 is imested at a annual rate of…

A: The principal amount P =$10,000 rate of interest R = 10% Time period T = 5 years to find the amount…

Q: How long does it take for a deposit of $800 to double at 5% compounded continuously? How many years…

A: Given query is to find the time taken to become the deposit double of its value.

Q: Assume that there are no deposits or withdrawals. An initial investment of $2,000 earns 7% interest,…

A: The formula for continuous compound interest is given as A=Pert, where, A= Amount at time t P=…

Q: If an investment of$5,000 is made in an account returning 2% p.a.then how long will it take for the…

A:

Q: Mariah is investing $40,000 in a bond that pays 2.3% interest compounded continuously. How much will…

A:

Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

A:

Q: a Credit How much should be invested now at an interest rate of 3% per year, compounded…

A:

Q: An employee wants to invest $60,000 in a pension plan. One investment offers 4% compounded…

A: given(1st plan)P=$60000, R=4%,n=6yearsfor compounded quaterlyA=P(1+R4x100)4n A=60000(1+44x100)4x6…

Q: a.How long will it take an investment to double in value if the interest rate is 4% compounded…

A: Given query is to find the time taken to double the investment.

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

A:

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000…

A:

Q: What is the compound interest if $490 is invested for 15 years at 10% compounded continuously?…

A: Principal=$490 Rate of interest =10%                           =10100                          = 0.1…

Q: Recently, a certain bank offered a 10-year CD that earns 11.2% compounded continuously. Use the…

A: Given the following : Compounding interest on CD (r) = 11.2%=11.2100=0.112 Period (t) = 10 years

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.