ecide at what rate compounded monthly will 800 become 4200 for 1

Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: Sandy invested $1500 with 3.5% interest. Compounded quarterly. How much money will she have in 8…

A: Given: The amount invested is $1500 with 3.5% rate of interest. The time period is 8 years. The…

Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: Use the given information to find the amount A in the account earning compound interest after 6…

A:

Q: Find the amount that should be invested now to accumulate the following amount, if the money is…

A: Formula for compound interest is,

Q: Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate…

A: Let's find.

Q: The........................................ is the equivalent annual simple interest rate that would…

A: Solution:GivenThe........................................ is the equivalent annual simple interest…

Q: 8. How long will it take for the $3200 to double compounded monthly at 3.5%?

A:

Q: Suppose you deposit $4,000 into a savings account that earns 5.4% APR compounded monthly. The APY is…

A: 13 years will take initial amount to be double.

Q: Inez wants to have $19,750 in 4 years. Use the present value formula to calculate how much Inez…

A: The future value is $19,750 and the time period is 4 years. The rate if interest is 7% and is…

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

A: Given: It is given that the interest is compounded. and therefore the formula should be used here is…

Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: After 10.32 years, Mary's money became 2 % of its initial value. The money was compounded…

A: here we will use compound interest formula  If P is the amount invested  r is rate of interest per…

Q: Which of the two rates would yield the larger amount in 1 year: 7% compounded monthly or 7-%…

A: ⇒We need to find which amount of rate yield the larger amount in one year.Compound amount…

Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: nd the present value that will grow to $28,000 if interest is 8% compounded quarterly for 16…

A:

Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: $4,000 is invested at 3% for 7 years. Find the amount of interest earned if interest is compounded…

A:

Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.

A: The complete solutions are given below

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

A:

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: What is the APY for money invested at each​ rate? ​(A) 66​%compounded quarterly ​(B) 44​%compounded…

A:

Q: Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. How much is the additional interest…

A: If an amount P is invested for t years at a rat o interest r% and if the number of compounding…

Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

A:

Q: compounded

A:

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A:

Q: Calculate the present value A=$20000, r=8%, compounded monthly, t=7 years

A:

Q: At what rate per cent per annum will $ 4000 amount to $ 4410 in 2 years when compounded annually?…

A: We have to find

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

A:

Q: f 2000 dollars is invested in a bankaccount at an interest rate of 6 per cent per year, compounded…

A: 2000 dollars is invested in a bankaccount at an interest rate of 6 per cent per year, compounded…

Q: Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much…

A: We know the compound interest formula:A=P1+rnntwhere A= Total amount         P=Principle amount…

Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…

A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52

Q: Billy starts a new savings account with $4,000. How much money does Billy’s account have if it gains…

A: Find the amount after 5 years with different term

Q: Find the amount that results from each investment. $300 invested at 12% compounded monthly after a…

A:

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

A: We have to solve the given problem by using compound interest formula.

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A:

Q: Approximately how long will it take for $8000 two double at an annual interest rate of 6.25%…

A:

Q: Use the formula A = P(1+ )" to find the total amount of money accumulated for an initial investment…

A: Given  Investment P = $600 Interest rate r = 8% compounded semiannually Times t = 9 years To find…

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: Nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Given: Nancy wants to invest $4000 in saving certificates that bear an invest rateof 9.75% per year,…

Q: 6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the…

A:

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

A: Let the interest rate = r Given initial amount= P= 350  Time = t = 10 years  Final amount = A=…

Q: Find the interest rate for a $9500 deposit accumulating to $12,157, compounded annually for 8 years.…

A: The formula for compound interest is given by A=P1+rnnt where A is amount, P is principle, r is rate…

Q: Deposits of $850 per month are made into an investment account. The interest rate is 6.5% per annum…

A:

Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…

Q: Find the amount P that needs to be invested at a rate of 5% compounded quarterly for 6 years to give…

A: