How many years will it take $9,000 to grow to $14,700 if it is invested at 2.50% compounded continuously? years (Round to two decimal places.)

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: We can solve the problem by following steps.

Q: How long will it take $1,400 to triple if it is invested at an annual interest rate of 5.9%…

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Q: An amount of $12,000 is deposited into an account with annual interest rate of 3.5 % compounded…

A: Principal amount = P = 12000 Interest = r= 3.5% = 0.035 Final amount = A= 12000(2)= 24000 time=t=?

Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…

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Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: Recently, a certain bank offered a 10-year CD that earns 2.16% compounded continuously. Use the…

A: We have to find gross amount

Q: How many years will it take $2,000 to grow to $3,800 if it is invested at 5.50% compounded…

A: Given Initial investment=P=2000 Grow to amount=Q=3800 Rate of interest=r=5.50% p.a.

Q: Consider an investment where $47,000 is invested for 15 years at 6% compounded continuously. How…

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Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.T If $10,000 is invested in…

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Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

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Q: Suppose $40,000 is invested in an account that returns 9% per year compounded continuously. (Round…

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Q: How long does it take for an investment to double in value if it is invested at 5% compounded…

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Q: How long will it take for $3,200 to double if it is invested at 6% annual interest compounded 12…

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Q: How long would it take an investment to double under each of the following conditions? (a) Interest…

A: Let the principal amount be P = x Then, Final amount, A = 2x Using formula:

Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

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Q: What is the compound interest if $43,000 is invested for 5 years at 6% compounded continuously?

A: To find the final value of an investment use this compound interestformula:Investment Value = P x (…

Q: How many years will it take $1,000 to grow to $2,000 if it is invested at 4.25% compounded…

A: Given query is to find time taken to grow $1000 to $2000.

Q: how long will it take for an investment of $9,000 to double if the investment earns interest at the…

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Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: If $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value…

A: Solution Given If $2500 is invested at an interest rate of 5.5% per year, compounded continuously,…

Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

Q: A bank offered 1 3/4% interest on savings accounts compounded continuously. -How much is a $5,000…

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Q: A Bank offered 1 3/4% interest on savings accounts compounded continuously. How much is a $5000…

A: The formula used for evaluating the amount accumulated on the amount saved in the bank compounded…

Q: How many years will it take $3,000 to grow to $5,000 if it is invested at 3.25% compounded…

A: To solve this problem we need to use the following result:

Q: How long does it take for an investment to double in value if it is invested at 6 % compounded…

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Q: How many years will it take $9,000 to grow to $17,200 if it is invested at 2.75% compounded…

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Q: How much time does it take for a $9,800 investment to grow to $13,800 in an account compounded…

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Q: How long will it take $14000 to grow to $16000 if it is compounded quarterly at a rate of 3.1%?…

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Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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Q: practice question 18

A: P0= Initial amount = 2700r= interest rate = 6.8% =0.068t= time = ?P(t)= Final amount = 2700 times 2=…

Q: An initial deposit of $25,000 earns 1.25% interested and is left in the account for 15 years. How…

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Q: suppose $5000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: To determine the taken by an investment of $ 5000 to double.

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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Q: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…

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Q: How much should you invest now (to the nearest dollar) in an account that earns interest at a rate…

A: Given: Amount after 15 years=$11,000 Rate of interest compounded continuously=6.4% To find: Amount…

Q: How much money would be in an account if $2, 000 is deposited at 6 % interest compounded…

A: *concept:- compound interest formula.

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: suppose $5,000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: Given,

Q: How long does it take for a deposit of $800 to double at 5% compounded continuously? How many years…

A: Given query is to find the time taken to become the deposit double of its value.

Q: How long will it take for an investment to​ triple, if interest is compounded continuously at 6​%?…

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Q: a Credit How much should be invested now at an interest rate of 3% per year, compounded…

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Q: Having received a large inheritance, a child's parents wish to establish a trust for the child's…

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Q: How much money must be deposited today to become $2250 in 30 years at 5.5% compounded continuously?…

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Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: How long would it take $8,000 to grow to $32,000 at 6​% compounded​ continuously? Round your answer…

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Q: If you invest $5000 compounded continuously at 4% p.a. how much will this investment be worth in 5…

A: The initial amount P=$5000 Rate of interest r=4%=4100=0.04 p.a. The time period t = 5 years

Q: d. If the same account and interest were compounded continuously, how much money would the account…

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Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

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Q: balance

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