How long will it take money to triple itself if invested at 5% compound interest rate?

Q: If $5000 is invested at 5% annual simple interest, how long does it take to be worth $6750?

A: We have to find time period where $5000 is invested at the rate of 5% and amount reached to $6750 We…

Q: small town has 3000 people, but began to grow at a rate of 2.4% compounded continuously for seven…

A: Given- Population of small town=3000 people That is , Principal(P)=3000 rate(r)=2.4%=0.024 Time(t)=7…

Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

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Q: If I invest $25,000 in a savings account with a 5.75% interest rate which is compounded…

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Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: How long will it take the money to triple itself if invested at 10% compounded semi-annually

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Q: An investment of $10,000 compounded continuously for 30 years at 10% will be worth.

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Q: What principle will amount to $9500 if invested at 3.5% compounded semi-annually for 9 years? The…

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Q: How much money invested at 5 % compounded continuously for 3 years will yield $ 820

A: Given:  Rate of interest(r)    = 5%  = 0.05 (continuous compounding) Future amount(FV)  = $820 time…

Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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Q: An Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

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Q: Hannah wants to have $6000 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt…

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Q: A sum of $25,000 is deposited into an account paying 5.4% interest per year, compound daily. What…

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Q: What principle will amount to $6000 if invested at 4.5% compounded semi-annually for 19 years? The…

A: Given: A=6000r=4.5%=0.045t=19 yearsn=2 ( compounded semi-annually)

Q: If $5000 is invested at 7% annual simple interest, how long does it take to be worth $7800?

A: Use formula of simple interest

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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Q: If I invest $25,000 in a savings account which has a 5.75% interest rate and is compounded…

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Q: How long will it take P 12.00 to be 3 times its value if invested at the rate of 6%

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Q: One thousand dollars is to be invested in a bank for 4 years. Would 8% interest compounded…

A: To find the amount of semiannual compound interest, use the formula, A=P1+rnnt and substitute P with…

Q: You decide to invest $8000 for 6 years and you have a choice between two accounts. The first pays 7%…

A: Formula for amount when it is compound interest is given as: A=P1+rnnt, where A is amount after t…

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Sophie invested $170 in an account paying an interest rate of 2 % compounded continuously. Wyatt…

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Q: You can invest your money at a rate of 6.5% compounded continuously. How much money will you have…

A: The formula for the interest compounded continuously is A=Pert where, A is the final amount, P is…

Q: Larry has $1600 to invest and needs $2700 in 17 years. What annual rate of return is required for…

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Q: How long will it take for a ₱30,000 investment to triple if a simple interest of 5% per annum is…

A: Please check step 2 for solution

Q: Choosing to commute to work by driving a hybrid vehicle will save $280 every six months in fuel. If…

A: Consider the given: If money is worth 7.3% compounded semi-annually, it means that the cost of money…

Q: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

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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: How long must $3700 be invested at 9% p.a. simple interest to give interest of $2331?

A: We will find out the required value.

Q: How long will it take for an investment of 1700 dollars to grow to 5300 dollars, if the effective…

A: we have to find the value of time by using formulla of compound interest. the solution is following

Q: How long will it take for an investment of $3,000 to double in value if the interest rate is 6.5%…

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Q: f $1000 is invested in an account that earns 6.3% interest compounded continuously,how many whole…

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Q: If $5,000 is invested at 7% annual interest, how long does it take to be worth $6750?

A: Initial amount =P= 5000  Final amount = 6750  So interest =I= 6750-5000= 1750  Interest rate = 7%=…

Q: triple itself a

A: Assume, we have 'x' amount as a principal amount. Now, our goal is to find time t after which amount…

Q: ong will it take my money to quadruple if it is invested at 8.9% c

A: compounded continuously means interest is applied to the principal as well as all interest other…

Q: How long will it take for ₱10,000 to earn ₱1,250 interest invested at 10% simple interest?

A: Given P = 10,000  A = 1250  R = 10%  T = ?

Q: $14,000 is invested for 25 years, what will be the ending balance if interest is 8% compounded…

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Q: how much should you invest at 4.8% compounded continuously to have $5000 in 2 years

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Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

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Q: If you invest $10,000 at 7.125% interest compounded daily, how long will it take for you to…

A: When the interest is compounded daily, then the formula used is , where, A is the final amount, P…

Q: How long will it take for an amount to double its value if invested at 9.3% simple interest?

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Q: How many months will it take $830 invested at 8.1% to earn $210 interest?

A: Given that:                         Principal amount, P = $830…

Q: A principle of $4800 is invested at 7.75% interest l, compounded annnualy . How much will the…

A: Directly use the formula for compound interest.

Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

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Q: How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded…

A: To find time we use formula: In the Given problem A=$4800P=$3000r=6.2%n=12