Interest is compounded continuously at 5%.  How long until a $5000 investment grows to $12000?

Q: If $6000 is invested at 3% compounded continuously, what is the amount after 8 years? The amount…

A: Answer  is   7625

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: Ten thousand dollars is invested at 6.5% interest compounded continuously. When will the investment…

A: Given that, Ten thousand dollars is invested at 6.5% interest compounded continuously. We have a…

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

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Q: If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount…

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Q: $13,000 is deposited into a savings account with an annual interest rate of 3% compounded…

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Q: Find the compound amount and compound interest if ​$4000 is invested for nine years and interest is…

A: We will use the formula to find the compound interest .

Q: Dash invested $10,000 at 3% interest compounded continuously. How much will he have after 8 years?

A: The formula for compound interest is, A = Pert A = Final Amount P = Principal r = rate of interest t…

Q: Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%,…

A: Given: sum, P=$6,400 r=4%=4100=0.04 We have to find time in which given sum becomes double. So,…

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: Find the compound amount and compound interest if​$4000 is invested for five years and interest is…

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Q: consider an investment where $43000 is invested for years at 8% compounded continuously? how much…

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Q: Find the time it takes for $6,700 to double when invested at an annual interest rate of 5%,…

A: (a) Given - Original amount=$6,700 Interest rate=5% , compounded continuously. To find - The time…

Q: If $7000 is invested at 7% compounded continuously, what is the amount after 7 years? The amount…

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Q: How long will it take for an investment to triple, if interest is compounded continuously at 7%?…

A: We can find the answer as below.

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

A: Let the initial amount be P Final amount is 2P rate of interest, r =7%

Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously, find the value…

A: Given: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously The…

Q: You deposit $2000 in an account earning 5% interest compounded continuously. How much will you have…

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Q: Find the present value of $57,000 due 15 years later at 8%, compounded continuously.

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Q: An investment is made at 3.931% per year, compounded continuously. what is the doubling time?

A: Given: Rate of interest, r=3.931% compounded per year. The objective is to find the number of years…

Q: See photo attached, thank you.

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Q: find the present value of 4,000 to be received in 5 years, if money may be invested at 7.1% with…

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Q: See photo attached, thank you.

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Q: Kayden is going to invest in an account paying an interest rate of 4.2% compounded continuously. How…

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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: Find the amount A in dollars of $8000 invested for 30 years at 10% compounded continuously.

A: Given- P= $8000, r=10%, t=30years. To find- The total amount A. Formula used- A=P1+r100n, where A=…

Q: You deposit 4000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: How long, to the nearest year, will It take an Investment to double if it is continuously compounded…

A: An investment P compounded continuously at a rate of interest of r % per year for t years…

Q: Find the time it takes for $8,300 to double when invested at an annual interest rate of 11%,…

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

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

A:

Q: How long will it take for an investment to triple, if interest is compounded continuously at 8%? It…

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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: Find the time it takes for $5,300 to double when invested at an annual interest rate of 9%,…

A: Solution:

Q: Given an interest rate of 7.2% per year, compounded continuously. What is the quarterly interest…

A: Given query is to find the quarterly intrest rate.

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

A: *concept:- compound interest formula.

Q: Brianna is going to invest in an account paying an interest rate of 5.2% compounded continuously.…

A: Given data :-  Rate(r) = 5.2% = 5.2/100                = 0.052 P= Principal price  Find :- Principal…

Q: How long, to the nearest year, will it take an investment to triple if it is continuously compounded…

A:

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

A:

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

A:

Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: How long will it take a $600 investment to be worth $700 if it is continuously compounded at 11% per…

A: Write the continuous compound interest formula,

Q: If 2000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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Q: You deposit $3000 in an account earning 4% interest compounded continuously. How much will you have…

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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: Find the time it takes for $6,600 to double when invested at an annual interest rate of 10%,…

A: NOTE** As per bartleby guidelines for more than one question asked only first is to be answered…

Q: find the value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95%…

A: We have to find the value of an investment of $10,000 in 12 years if it earns an annual rate of…

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%

Q: consider an investment where $42000 is invested for 15 years at 6% compounded continuously. how much…

A: Given  Invested amount = $42000 interest rate = 6 % compounded continuously  time = 15 years