If you invest $200 into a savings account that earms 4% annual interest compounded continuously, how much money will you have after 15 years? Round to TWO decimal places (because its money) Type your answer.

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given that Invested amount=$3500 Interest compounded continuously =2.75% Time=6 years To find  How…

Q: Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total…

A: Topic = Algebra

Q: Kylie invested $290 in an account paying an interest rate of 2.5% compounded continuously. Assuming…

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Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

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Q: Suppose you invest $17,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…

A: Given, Amount invested = $17,000 Future value = $25,000 time in years = 10 Used formula, Formula for…

Q: John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving…

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Q: You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have…

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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: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: Suppose you invest $16,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…

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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: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: If 7000 dollars is invested in a bank account at an interest rate of 5 per cent per year, compounded…

A: Given that, the initial amount is P=7000 interest rate is r=5%, compounding period is p=1 and final…

Q: If money is invested in an account earning 3.15% annual interest that is compounded continuously,…

A: Apply the compounded continuously formula, FV=Pert When future value (FV) gets double from the…

Q: how long it will take for an investment of $2000 to double in value if the interest rate is 7.5% per…

A: We can solve the problem by constructing the problem at first the find the required time.

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: 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: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

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 a $300 investment to be worth $400 if it is continuously compounded…

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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: Suppose you have $15000 to invest. Which of the two rate would yield the larger amount in 3 years.…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

A: Given: Deposit =$4000 Interest =2% Period = 5

Q: 3. You are investing $6000 that will eam 5.0% interest compounded continuously. How much is your…

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Q: You have an investment of $22,400.00 that you want to double in 11 years. If interest is 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: You deposit $6000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Suppose you invest $1200 at an annual interest rate of 2.3% compounded continuously. How much will…

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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 many years will it take $10,000 to grow to $16,200 if it is invested at 3.50% compounded…

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Q: How many years will it take $9,000 to grow to $14,700 if it is invested at 2.50% compounded…

A: We will use continues compounding formula

Q: How long does it take for 1,000 to double when compounded continuously with an interest rate of 2.4%

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Q: You decide to invest $250 in an account that yields a return of approximately 4% each year. If yo…

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Q: You deposit $3000 in an account earning 7% interest compounded continuously. How much will you have…

A: Let P = $3000 is the principal amount which is initial deposit, r = 7% is the Rate of interest, t =…

Q: find the amount of money you will have atter 20 years if you inrest $25,000 at a rate of 12% If…

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Q: If 3000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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Q: How long will it take a $700 investment to be worth $1300 if it is continuously compounded at 10%…

A: If P is the principal, r=rate of interest, t= time in years, hen , amount is given by

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

A: *concept:- compound interest formula.

Q: Find the balance if P50 , 000 is invested at an annual rate of 10% for 5 years compounded…

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Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Suppose you invest $14,000 at age 25 and want  the investment to be worth $25,000 when you turn 35.…

A: Given: Amount invested = $14,000 Number of years = 10 years Amount after 10 years = $25,000   To…

Q: You invest your life savings into an account with continuously compounded interest, and you find…

A: Investment is according to continuously compounded interest. Principle amount (invested)= P0 Amount…

Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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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: Starting at age 30, you deposit $2000 a year into an IRA account for re stream. If money in the…

A: Given that Starting at age 30, you deposit $2000 a year into an IRA account for retirement. Treat…

Q: How long (in years) will it take a $900 investment to be worth $1000 if it is continuously…

A: Amount = $1000 Principal=$900 Interest rate = 8%