$40,000. Nine years​ later, the stock was sold for ​$50,000. If interest is compounded​ continuously, what annual nominal rate of interest did the original ​$40,000 investment​

Q: Bethany needs to borrow $12,000. She can borrow the money at 5.5% simple interest for 3 yr or she…

A: Answer is mentioned below

Q: 5. Jamie puts aside $10,000 in an account with interest compounded continuously at 2.7%. How long…

A: Amount invested=$10,000 Interest at 2.7% compound continuously To find time in months to earn $2,000…

Q: To help their son buy a car on his 16th birthday, a boy's parents invest $7500 on his 10th birthday.…

A: For compounded continuously A=Pert  P=initial amount r=rate of interest t=time in years A=Amount in…

Q: Solve the following Problem below: aren has $5000 to invest in two stocks. She decides to invest…

A:

Q: Find the time required for an investment of $5000 to grow $6700 at an interest rate of 7.5% per year…

A:

Q: You deposit $4000 in an account earning 4% interest compounded continuously. How much will you have…

A:

Q: In the formula A(t) = Pet for continuously compound interest, the letters P, r, and t stand for…

A: We are given a statement we need to fill up the blanks in the statement:

Q: Kevin opened a savings account with Texas National Bank. His account has an APR of 1.95% compounded…

A: Given that: Initial amount is $2100 final amount is $10500 and A.P.R is 1.95% and compounded…

Q: In the formula A(t)=Pert for continuously compound interest, the letters P, r, and t stand for ___ ,…

A:

Q: John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving…

A:

Q: Mr. Belvedere hopes to purchase a new home for $200,000. His savings account accrues interest at 5%…

A: Given Use formula

Q: A house was valued at $110,000 in the year 1992. The value appreciated to $175,000 by the year 2008.…

A:

Q: To help their son buy a car on his 16th birthday, a boy's parents invest $7500 on his 10th birthday.…

A: Principal amount, P=$ 7500 Rate of interest, r= 7% Time, t= 6 years

Q: $15,000 is invested in an account that pays 5% interest. How much money will you have in the account…

A:

Q: Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total…

A:

Q: An investment offers 5% interest compounded continuously. What is the amount of interest earned in 1…

A: We need to calculate the interest earned in 1 year when a deposit of P5000 is compounded at 5%…

Q: Katrina started an account with all the money she received as graduation gifts. The account had an…

A:

Q: In 1855, a person sold a house to a lady for $24. If the lady had put the $24 into a bank account…

A: Given, In 1855, Investment is Principal = p = $ 24 Rate of interest = r = 6 %  We have to find the…

Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: In 20 years, a father wants to accumulate $50,000 to pay for his daughter's college expenses. How…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=50000 r=8%=0.08 t=20 years

Q: Jason has $100,000 to invest in a savings account. He has two options: Option A earns 4% interest…

A: In the question it is asked to calculate the amount of money from the more valuable account in 10…

Q: $2500 invested at 2.6% per year, compounded quarterly. In which year, after the initial investment,…

A:

Q: When the average price of an item increases from pi to P2 over a period of n years, the annual rate…

A:

Q: The world's output of primary energy (petroleum, natural gas, coal, hydroelectricity, and nuclear…

A: It is increasing at the rate of 2.4% annually. So 0.024 every year.growth rate= (1+0.024)=1.024 per…

Q: 2.) Ted wants to triple his money. It is in an account that pays 5% interest compounded…

A: the exponential growth model  is                       y= Pert   where  y = total amount after…

Q: In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r, and i stand for.…

A: The given formula is At=Pert. Here,  P=Principal r=rate of interest t=time in years. At=Amount after…

Q: In the formula A(t) = Pe for continuously compound interest, the letters P, r, andt stand for…

A: Given, function is

Q: Amber invests $12,000 into an account that pays a 4.25% annual rate compounded continuously. Using…

A: If the interest is compounded continuously, then the formula for the amount is: A=Pert…

Q: In the formula A(t) = Pe for continuously compound interest, the letters P, r, and t stand for…

A:

Q: Bethany needs to borrow $10,000. She can borrow the money at 5.5% simple interest for 4 yr or she…

A: A. Simple interest for an amount P, at an interest rate of r (in decimals) per annum and for T years…

Q: Maria's parents invested $14,000 at 6% per year compounded monthly. How much money will there be in…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: State whether the growth​ (or decay) is linear or​ exponential, and answer the associated question.…

A: Given that the value of a house is increasing by ​$2300 per year. So the rate of increase is fixed…

Q: Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7% simple interest for 5 years…

A: P=$15,000 a). r=6.7%, t=5 Now simple interest is, SI=P·t·r100=1500056.7100=$5,025 b). r=6.4%=0.064 ,…

Q: Bethany needs to borrow $11,000. She can borrow the money at 5.5% simple interest for 6 yr or she…

A:

Q: How long will it take 200,000 to increase by 80,000 if invested at 8% converted annually

A: Here in the given question:   Principal amount P = 80,000   Final amount (A) = 2,00,000   Interest…

Q: If a population in a certain county was 100,000 in 1998 and 110,417 in 2008 and the formula ? = ?0ⅇ…

A:

Q: Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15…

A: Use compound interest formula.

Q: If $800 is invested in an account for which interest is compound continuously, find the amount of…

A:

Q: An aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 18th…

A:

Q: At a 4.2% interest compounded annually, how long will it take $2000 to grow to $5000? Round answer…

A:

Q: When a principal amount, P, is Invested at an annual interest rate, r, and compounded n times per…

A: Given formula A=P1+rnnt Here, P= Principal amount r= rate of interest n= Compounded period t=time

Q: A deposit of $4,000 is made in a college savings fund that pays 5.0% interest, compounded…

A: The formula for continuous compounding is, A = Pert  where, P = the initial amount A = the final…

Q: In the formula A(t) = P(1 +-) for compound interest, the letters P, r, n and t stand for principal…

A: A(t)=P1+rnnt A(t) is the Accumulated amount or the final amount including principal  Given P=3000,…

Q: An investment of S500 earns an annual interest rate of 6%. How much MORE interest earned in YEAR…

A:

Q: An investor bought stock for $20,000. Fourteen years later, the stock was sold for $30,000. If…

A:

Q: Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7% simple interest for 5 yr or…

A: a)From the given,P = $15,000r = 6.7% = 6.7/100 = 0.067n = 5 yrThen simple interest is,S.I = Pnr

Q: Rochelle deposits $4,000 in an IRA. What will be the value (in dollars) of her investment in 25…

A: We can make it easier for you

Q: A sum of money invested at compound interest doubles itself in 3 years. In how many years will it…

A: B) 9 years

Q: A jet ski that cost $14,600 when new will have no salvage value after 5 years. Find its annual rate…

A: Annual rate of depreciation can be calculated using straight line depreciation. Annual rate of…

Q: You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have…

A: