Find the time it takes for $7,400 to double when invested at an annual interest rate of 4.1%, compounded continuously. Give your answer to 2 decimal places. years Preview Find the time it takes for $118,400 to double when invested at an annual interest rate of 4.1%, compounded continuously. Give your answer to 2 decimal places. years Preview

Q: Todd42 and Ricardo41 are each investing $9,500.00 in certificates of deposit (CDs) that mature in 4…

A: A.  n = 4 r= 0.0779 t = 4 years P = $9500.00 A = P(1+rn)nt A = 9500(1+0.07794)4×4A = 9500(1.02)16 A…

Q: has $4,000 in a savings account. The interest rate is 1%, compounded annually. To the nearest cent,…

A: To calculate C.I...

Q: Evelyn placed $1,500 in a savings account which earns 5.2% interest, compounded annually

A: The formula one need to use here is A=P1+rt P is the principal or the amount invested r is the rate…

Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…

A: To find  The time required in years when the interest is compounded quarterly

Q: A deposit of $386 is in a bank for 35 years earning interest rate of 11.5%. Find interest earned if…

A:

Q: If P5,000.00 shall accumulate for 10 years at 8% compounded quarterly, find the compounded interest…

A: If P5,000.00 shall accumulate for 10 years at 8% compounded quarterly, we need to find the…

Q: . Suppose that $12,000 is invested in a savings account paying 5.6% interest per year.(a) Write the…

A: Definition used-             Amount, when interest is compounded n times in year is given by -…

Q: A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…

A:

Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

A:

Q: Complete the table for an account in which interest is compounded continuously. See Example 3.…

A:

Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A:

Q: Find the balance if $14000 is invested in an account paying 6.5% interest compounded continuously…

A:

Q: omplete the table for an account in which interest is compounded continuously. See Example 3. (Round…

A:

Q: Sally has $8,223 in a savings account. The interest rate is 10%, compounded annually. To the…

A: We have to find interest

Q: You deposit $5000 into an account that pays 6% interest, compounded quarterly. How much money will…

A: We need to find the amount after 10 years and how much time  will it takes to reach $16000

Q: Use the annual compound interest formula to complete this problem. If you invest $4000 in an account…

A:

Q: Use the compound interest formula to complete this problem. If you invest $1800 in an account that…

A:

Q: You invest $1000 in an account that pays 7.9% interest, compounded monthly. How much money is in the…

A: Given: Principal amount: P=$1000Interest rate:  r=7.9%Time period: t=3 years.

Q: 2. A $15000 investment earns 14.25% interest, compounded semi-annually. Approximately how long will…

A: topic - exponential function

Q: You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After…

A: Given , Principal = P =  1200 $ Rate of interest = R =  5.5 % Final amount = A =  2000 $ No. of…

Q: How long will it take $2,000 to grow to $20,000 if it is invested at 7% compounded monthly?  ___…

A: This question can be solved using the formula for amount after t years when interest is compounded…

Q: A sum of $6 000 is invested at an interest rate of 6.4% per year. Find the time required for the…

A:

Q: Lee puts 10,000 into a stock market index mutual fund that grew at an average of 70% per year for 10…

A: Lee puts 10,000 into a stock market index mutual fund Initial amount invested = 10000 rate of…

Q: An amount of $2200 is invested at a 6.6% annual interest rate, compounded monthly. How many months…

A: Given amount is $2200 is invested at a 6.6% annual interest rate, compounded monthly. Let, after t…

Q: At age 20, Mike inherited $100,000 from his grand parents.  Then he invested the money in a bank…

A: We will find the account balance

Q: Find the time it takes for $6,800 to double when invested at an annual interest rate of 5.2%,…

A: Since you have posted multiple questions, as per our policy we will answer first question. Please…

Q: A promissory note will pay $61000 at maturity 6 years from now. If you pay $38125 for the note, what…

A:

Q: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A:

Q: use an exponential model and a graphing calculatorto estimate the answer in each problem. If Jean…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate…

A:

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…

A:

Q: David invests $800 into an account with a 2.3% interest rate that is compounded semiannually. How…

A:

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

A:

Q: Find the time it takes for $7,900 to double when invested at an annual interest rate of 7%,…

A:

Q: Complete the table for an account in which interest is compounded continuously. See Example 3.…

A:

Q: Alex invests 600 dollars at 9% interest compounded weekly. How long does it take to yield 700…

A: Given that Alex invests P=$600 at R=9% compounded weekly. Future value is A=$700 we have to find…

Q: You invest at 7% interest, compounded weekly. How long does it take your money to double? Show all…

A:

Q: Tessa invests $5700 in a new savings account which earns 3.7% annual interest, compounded…

A:

Q: Lisa deposits $20,000 into an account that pays simple interest at a rate of 2% per year. Scott…

A: Given that  Lisa deposited amount $20,000 that pays simple interest at a rate of 2% per year . P =…

Q: Hugo has $10 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Given,  Principal = p = $ 10. Interest rate = r =  5%, compounded annually. Time period = t = 3…

Q: Dolores invests $7100 in a new savings account which earns 5.3% annual interest, compounded monthly.…

A: Given- P=$7100,r=5.3% and t=3years. To find- The total value of investment after 3 years. Formula…

Q: Find the periodic rate of interest if $5000 grows into $6580 in 6 years when interest is compounded…

A: We are given: Initial amount (P) = $5000 Accumulated amount (A) = $6580 Time (t) = 6 years. Number…

Q: Use the compound interest formula to complete this problem. If you invest $3800 in an account that…

A: Given data is : P=$3800r=4.56%t=9 year  Compound interest compounded monthly, n=9×12 month1…

Q: Compounding - Solve for Time Noah invested $8,600 in an account paying an interest rate of 2.4%…

A: Given Noah invested $8,600 in an account paying an interest rate of 2.4% compounded monthly.…

Q: Tessa invests $9100 in a new savings account which earns 4.1% annual interest, compounded quarterly.…

A: Given, Investment amount = $ 9100 annual interest rate = 4.1%  time duration = 4 years the amount is…

Q: Find the accumulated value of an investment of $20,000 for 5 years at an interest rate of 1.55% if…

A:

Q: If 6000 dollars is invested in a bank account at an interest rate of 10 percent per year, Find the…

A: If amount P is compounded for t years at rate of r for n number of periods, the amount will become :…

Q: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate…

A: The answer is found in step-2

Q: What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $11500…

A: P: the principal, amount invested A: the new balance t: the time r: the rate