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Scott invested some money 10 years ago in an account that earned 4% simple interest. He now has $7,000. How much money did he invest?
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- To capitalize on all the money he earned as a teenager, Justin has $500,000 that he wants to invest into an account a.) How much money does Justin have after 10 years if the account earns 5% interest compounded continuously? b.) How long will it take for Justin's money to grow to 2,000,000?Ten years ago, Jane deposited $5,500 into her savings account. Five years later, she added an additional $2,500 to her account. During the first 5 years, her account earned an interest rate of 6.5 percent compounded annually, while the last 5 years saw her account earn 5.0 percent interest compounded annually. How much money does Jane have in her account today?Jamie invested a certain amount of money in JDJ Savings Bank with a 2.5% interest rate. He received ₱ 2,250.00 as interest after 2 years from his investment. How much did he invest?
- ten years ago, Amanda Cortez invested $20,000 in an account paying an annual interest rate of 5%. What is the value of the investment today? What is the interest on interest earned on this investment?Joe wants to have $10,000 in 10 years after investing in an account that earns 3.6% compounded monthly. How much does he need to invest?Exactly six years ago, Jay started investing $10,500 per year in an account that earned 5.00% p.a. He just switched to a fund that will pay 6.00% p.a. If Jay continues to deposit $10,500 per year, how much will he have in his account exactly seven years from today?
- Tyrone invested a sum of money 10 years ago in an account that paid 2.25% per year compounded quarterly. He recently closed the account and received Php175,000. How much did he originally invest in this account?3. For 5 years, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering business with a friend and is earning an annual rate of 3%. His earnings from that investment go directly to his savings. How much will his savings be in two years?Anthony invested a sum of money 2 years ago in a savings account that has since paid interest at the rate of 2%/year compounded quarterly. His investment is now worth $25,789.88. How much did he originally invest? (Round your answer to the nearest cent.)
- Benjamin wants to have $12,000 in 15 years after investing in an account that earns 4.2% compounded quarterly. How much should he invest?Spencer has $80,000 in a savings account that earns 1.3% annually. How much interest will he earn in 9 years?Alex invested $10,500 in an account that pays 6 percent simple interest. How much money will he have at the end of four years?
