Greg has $9,000 in a savings account. The interest rate is 15%, compounded annually. To the nearest cent, how much will he have in 3 years?

Q: If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid…

A: Concept: The trigonometric ratio are ratios, sine, cosine, tangent, cosecant, secant and cotangent.…

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: Timothy invests $5,000 at 17% interest compounded daily for three years.How much does he have in the…

A: topic- compound interest

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: We are given with the interest rate and time duration and the initial payment and we have to find…

Q: How much did John deposit every month in her savings account if she had $10,000 after 33 month-end…

A: We know that from the ordinary annuity formula, A=PMT1+rnny-1rn…

Q: an

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Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

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Q: Amanda invests $5300 in a new savings account which earns 5.9% annual interest, compounded monthly.…

A: Investment of Amanda P=$5300 rate of interest r =5.9% time t=5years find out the total amount after…

Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: Amanda invests $5100 in a new savings account which earns 3.3% annual interest, compounded monthly.…

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Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: Carla wants to start a college fund for her daughter Lila. She puts $63,000 into an account that…

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Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

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Q: Liz has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…

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Q: Karl buys a $2500 investment certificate that pays 3.75% simple interest per year. How much more…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

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

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Q: Find the amount a college student owes at the end of 2 years if 56400 is loaned to her at a rale of…

A: Given query is to find amount need to be paid after 2 years.

Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

Q: Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much…

A: Given p=$600, r=2.9% (r=0.029), t=5 years  for compounded quarterly n=4

Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

Q: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

Q: Lucy invested for 15 years at 2.8%, compounded annually and ended with an account balance of $2250.…

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Q: A newborn child receives a $8000 gift toward a college education from her grandparents. How much…

A: Topic = Algebra

Q: At the beginning of every three months, a college student deposits P3,000 in a fund that gives 2%…

A: Given:      Principal =$3000     Quarterly Interest rate =2%=2%4=0.5%=0.005     number of times n=3…

Q: A loan of $42,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 6% interest, compounded quarterly. If the…

A: The compound interest accrued on a principal amount P, at rate R% after time t years is given as…

Q: interest

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Q: Dolores invests $9800 in a new savings account which earns 4.5 % annual interest, compounded…

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Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: Topic:- simple interest

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

A: Topic- compound interest

Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…

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Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

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Q: You can afford monthly deposits of $260 into an account that pays 3.6% compounded monthly. How long…

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Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years