In how many years will the amount of 10000 triple if invested at an interest rate of 10% compounded per year?

Q: If $400 is invested at 18% compounded quarterly, what is the interest earned after: a) 2 years…

A: Given data: The given principal is P=$400. The given quarterly interest is r=18%=0.18. a) The given…

Q: How much money should be deposited in an acciunt today that earns simple interest 4% compounded…

A: We are given interest, r = 4%, t = 5 years and the final amount(A) = $10,000. Now, we need to find…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: If $2,200 is deposited at the end of each month in an account that earns 6% compounded monthly,…

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Q: 44. If you invest $10,400 in the United States, and the interest is compounded monthly, when, to the…

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Q: In its first 10 years a mutual fund produced an average annual return of 21.46​%. Assume that money…

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Q: 11. In how many years will P6,500 accumulate to P10,000 if it is invested at 12% compounded…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: 9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year,…

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Q: Assume that a savings account earns interest at a rate of 3% compounded quarterly. If this account…

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Q: 1. Mr.Joe deposited $10,000 in a savinga account at 5%. If interest is compounded monthly. What…

A: As per Bartleby guidelines, we are supposed to solve only first question if multiple questions are…

Q: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: 8. How much more does $1,000 earn in 8 years, compounded daily at 3%, than $1,000 over 8 years at…

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Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: If the accumulated value of an investment that is growing at 4.79% compounded monthly is $89,843.55,…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: Suppose $1,500 is invested at an annual interest rate of 8 percent compounded quarterly. Compute the…

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Q: 14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52…

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Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded…

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Q: Assume $5000 is deposited in an account that pays 6% annual interest. How much more would be in the…

A: The answer as follows:

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: 4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded…

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Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

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Q: What amount should a person deposit today in a bank investment that pays 1.13% per month compounded…

A: Let the current funds deposited be X. Now expressing the question as an equation  Current…

Q: How much should be invested now at 7.45% compounded semiannually to have $39,000 in 20 years?

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Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…

A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt

Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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Q: Checking Homework. Show Work.

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Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

Q: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

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Q: If $1000 is invested at 7% compounded quarterly, what is the interest earned after: a) 5 years…

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Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: account offering 4% per year, compounded semiannuall

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Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: How much money should a company deposit into an account now so that they will have $50,000 in six…

A: here we use the equation of compound interest  amount = P(1 + r/100)n here interest is quarterly so…

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

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Q: If 1,000,000 php is invested at 8% compounded quarterly, how many years will the investment grow to…

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Q: Suppose $20,000 is deposited into an account earning 2.5% annual interest, find the balance at the…

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Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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Q: 3. Mr. Greg Greedy deposits GHC56,000 into his savings account at Fairview Bank which attracts an…

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Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

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Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…

Q: How much would you have to pay into an account at the beginning of every six months to accumulate…

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Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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Q: 18. Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it…

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Q: If $400 is invested at 17% compounded quarterly, what is the interest earned after: a) 6 years…

A: FV = Future Value   PV = Present Value   r = rate of interest   n= no of period