derive a formula for the of time that takes money to increase by one and half in a bank account that pays interest at rate r=3% compounded continuosly

Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: Peter has decided to save money roughly P25 per week. Suppose he makes weekly deposits of this money…

A: Solution

Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

A:

Q: Suppose that $1600 is initially invested in an account at a fixed interest rate, compounded…

A: Let the principal amount be P = $ 1600. Final amount , A = S 2067. Time, t = 6 years.

Q: Find the accumulated amount after 3 years if $5000 is invested at 7%/year compounded continuously.…

A:

Q: Find the time it takes for $8,900 to double when invested at an annual interest rate of 8%,…

A: According to our company's guidelines I can only answer first question since you have asked multiple…

Q: Español An initial amount of $2300 is invested in an account at an interest rate of 3% per year,…

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Q: What rate of interest compounded annually is required to double an investment in 2 years?   The…

A: Let the final amount is A.   As we know that the expression for the amount is:   A=P1+rnnt   Where:…

Q: Find the accumulated amount after 3 years if $2500 is invested at 5%/year compounded continuously.…

A: Given that 2500 is invested at 5%/year compounded continuously. To find the accumulated amount after…

Q: The interest on a bank savings account is compounded continuously, with an annual int determine the…

A: P=7000r=6%=0.06t=6To find A

Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: Suppose that money is deposited daily into a savings account at an annual rate of $1300. If the…

A: P = $1300 r = 4% N = 4

Q: Find the accumulated amount after 3 years if $6000 is invested at 4%/year compounded continuously.…

A: Principal amount, P = $6000 Rate of interest per year, r = 4% = 0.04 Time, t = 3 years

Q: Find the accumulated amount after 3 years if $3000 is invested at 8%/year compounded continuously.…

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Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

A: continously compounded formula:A =P er tA=final amountP=Principal amountr=ratet=time (in…

Q: Suppose you invest $17,290 in an account that earns interest at an APR of 3.4%,compounded…

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Q: Principle: $ 800 Rate: 3.5 % compounded Semiannually Time: 1.5 yr(s) *

A: Given that Principal =$800 Rate is 3.5% Rate of interest compounded semi annually. Time is 1.5 years

Q: On the day of a child's birth, a parent deposits $30,000 in a trust fund that pays 4% interest,…

A: it is given that, a parent deposits $30,000 in a trust fund that pays 4% interest, compounded…

Q: what rate do you need to

A: Here we use equation for calculating intrest when compounded continuously.

Q: Find the amount that results from the given investment. $10 invested at 5% compounded continuously…

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Q: Find the effective rate of interest that corresponds to 15% annual rate compounded continuously.…

A: As we know that,  Effective rate of interest for continually compounding is :- Re =( e^r - 1) × 100…

Q: tamika borrowed $8000 at 11% compounded continuously. finf the time required for the amount for the…

A: Given,Tamika borrowed $8000 at 11% compounded continuously.i.e., P=8000, r=11%=0.11

Q: On the day of a child's birth, a parent deposits $30,000 in a trust fund that pays 5% interest,…

A: To find the balance in this account on the child's 24th birthday when compounded continuously

Q: Andrea Davis plans to invest $720 into a money market account. Find the interest rate that is needed…

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Q: A bank offers 59% interest compounded continuously in a savings account. Determine (a) the amount of…

A: We will use continuous compounding and compounding annually formulas to evaluate the given two…

Q: Assume that $165 is invested into an account earning interest at a 7.2% annual rate, compounded…

A:

Q: Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2%…

A: A=P ertP is the amount deposited.r is the interest rate.t is the time period

Q: Jade invested $1966 with a fixed annual interest rate of 2.45% compounded continuously. What will be…

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Q: Suppose that money is deposited daily into a savings account at an annual rate of $1400. If the…

A:

Q: Khloe invested $160 in an account paying an interest rate of 5.7% compounded continuously. Assuming…

A:

Q: Find the present value of $3000 payable at the end of 4 years, if money may be invested at 8% with…

A: As per guidelines we can answer the 1st question only. if you need more answer please repost it.

Q: Compute the amount in an account after 5 yr if $1900 is invested at an annual interest rate of 6%…

A: We can make it easier for you.

Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: We will use, Future value = (Present Value) * e(Annual Interest Rate * Period in year)

Q: Find the present value of $3000 payable at the end of 4 years, if money may be invested at 8% with…

A: Future value = $3000  Time period= 4years  Interest = 8%  r= 0.08   The required formula is  FV=PV…

Q: Find the time required for an investment of $7000 to grow to $10000 at an interest rate of 5.5% per…

A:

Q: kawla invests 3000 tl in an bussiness earning 4.5% profit rate which is compounded annually. how…

A: Explanation below

Q: Suppose that money is deposited daily into a savings account at an annual rate of $800. If the…

A:

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

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Q: Find the principal needed now to get each amount; that is, find the present value. To get $800 after…

A: Given: $800 after 2(1/2) years at 8% compounded continuously. Formula: F=Pert, F is final amount, P…

Q: What is the APY for money invested at each rate? (A) 12% compounded monthly (B) 11% compounded…

A: The formula for APY is

Q: What interest rate (compounded continuously) is earned by an investment that triples in 6 years? A…

A:

Q: Find the time required for an investment of 3,000 dollars to grow to 15,000 dollars at an interest…

A: Formula for compound interest:  A=P1+rnnt we have, A=$15,000, P=$3000, r=8%=0.08, n=12 (since,…

Q: A person places $20,000 in a savings account which pays 3 percent interest per annum, compounded…

A: Compounded continuously means interest compounded infinitely many times in a year.

Q: Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously.…

A:

Q: Find the time required for an investment of 3,000 dollars to grow to 14,000 dollars at an interest…

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Q: 3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a)…

A:

Q: Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with…

A: Given values are - Future value =$8000 N= 2 years  Interest rate (i)=3%=0.03 We need to find the…

Q: Julian invested $990 in an account paying an interest rate 6.2% compounded continuously. Assuming no…

A:

Q: Find the time required for an investment of 6,000 dollars to grow to 10,000 dollars at an interest…

A: In the given problem we have to find the time required for an investment of 6,000 dollars to grow to…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.