How many years will the Php 10,000 become Php 15,000 if it is invested in an instrument that offers 7.5% interest per annum?

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 4% interest. How…

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Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Gertrude wants to make $500 monthly withdrawals for 10 years from an account which pays 4%…

A: Given Information: Gertrude wants to make $500 monthly withdrawals for 10 years from an account…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: The sum of Php 15,000 was invested for 3 years at 9% interest compounded semiannually (a) how much…

A: Given that : Principal (P) = 15000 Rate (r) = 9 % annually... For semiannually rate becomes  9/2 %…

Q: You deposit $400 each month for 17 years into an account earning 6% interest compounded monthly.…

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Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. How…

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Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

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Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 9% interest. How…

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Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% interest. How…

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Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: ou can afford monthly deposits of $190 into an account that pays 4.2% compounded monthly. How long…

A: Given information -  Monthly deposits = $190 Rate of interest = 4.2% The interest is compounded…

Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…

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Q: If $6000 is borrowed at 7.5% simple interest for 2 yr, _____ then the amount of interest is

A: The value of principal is P=$6000. The rate of interest is R=7.5%. The time is given by T=2 years.…

Q: if $25,600 is invested for 3.5 years at 4.75% simple interest, how much interest is earned?

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Q: Yolanda borrowed $8000 at a rate of 6%, compound quarterly. Assuming she makes no payments, how much…

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Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: How long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at 9.5% per…

A: To find how long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at…

Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A: As per our guidelines we are supposed to answer only one question. Kindly re-post other question as…

Q: On Melissa 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If the CD…

A: Given data: Melissa on her 6th birthday gets a P=$6000. The rate of interest she earns r=6%=0.06…

Q: Maria borrowed P10,000 with an interest rate of 12% compounded quarterly which he borrowed from a…

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Q: Francis invests $4000 in a savings account earning 3.25%/year compounded weekly for 5 years. How…

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Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Definition used -           Future value of annuity -                                FV=P(1+r)n-1r…

Q: Alex borrowed $2,000 for 2 years at 5% compound interest rate. How much interest is that?

A: See attached file for a step by step explanation.

Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

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Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

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Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much w have in the…

A: Given: You deposit $3000 each year into an account earning 3% interest compounded monthly. Tofind:…

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: If you would like to make $2236 in 8 years, how much would you have to deposit in an account that…

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Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: 3600 dollors is placed in an account with an annual interest rate of 9%.How muh will be in the…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 8% interest. How…

A: Find the monthly payment.

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 7% interest. How…

A: It is given that, the future value is FV = $400,000, r=7%=0.0712 since depositing monthly, and…

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

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Q: Olivia invested $1000 in an account that pays 2.75% interest compounded annually. Assuming no…

A: Amount to be received after t years and at r%=Initial amount *(1+r/100)t

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

A: Given: principal amountp=$5000, rate of interestr=5% per year and timet=5 months we know that simple…

Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

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Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% interest. How…

A: solution:- calculate principal by compounded yearly

Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…

A: Given:  Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily.  To…

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 6% interest. How…

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Q: Tamira invests $5,000 in an account that pays 4% annual interest. How much will there be in the…

A: Given: Principal amountP=$5000, timet=5 years, rate of interest semi-annuallyr=4% We know that if…