Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in 4 years?

Q: If $5000 is invested at 5% annual simple interest, how long does it take to be worth $6750?

A: We have to find time period where $5000 is invested at the rate of 5% and amount reached to $6750 We…

Q: A sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

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Q: Joanna deposited $ 3500.00 in an account that pays 4% annual interest, how long does it take to…

A: Use the formula as A=P1+r100t where, A=AmountP=Principalr=ratet=time

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: If $5,000.00 is invested at 8% annual simple interest, how long does it take to be worth $8,200.00.

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Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: A man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. Find the…

A: Compound interest formula :A=P1+rnntHere, P=$2000r=8.5% = 0.085For compounded quaterly, n=4t=3 years

Q: Logan invests $4000 at an annual interest rate of 6%.How much money will she have after 10 years if…

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Q: After several years of working, Katy saved $125,000. If she invests that $125,000 in a savings fund…

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

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

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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: Find the amount that results from each investment. $600 invested at 5% compounded daily after a…

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Q: If $5000 is invested at 7% annual simple interest, how long does it take to be worth $7800?

A: Use formula of simple interest

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

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Q: How long will it take to triple the sum of money invested at 12% compounded monthly?

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Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

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Q: Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming…

A: Given the interest is compounded continuously

Q: f you invested $850 at 10% interest, compounded semiannually, then how much would this investment be…

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Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

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

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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: How many years will it take for a sum of money to double itself at 7% compound monthly?

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Q: You get $450 after investing $125 for at an annual interest rate of 8% How long will it take to get…

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Q: An investment grows from $10,240 to $10,700.80 in one year. If the investment continues to grow at…

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Q: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

Q: How long will it take $5000 to double if it is invested at 20% compounded quarterly?

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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: A principal of $4900 is invested at 7.75% interest, compounded annually. How much will the…

A: A principal of $4900 is invested at 7.75% interest, compounded annually.

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: You have $1200 to invest in a bank account with an interest rate of 4.5%, compounded monthly. After…

A: P=$1200, r=4.5%=0.045, n=12 & A=$2100

Q: Jace invested $380 in an account paying an interest rate of 6.2% compounded continuously. Assuming…

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Q: Antonio deposits $9,200 in a savings account that pays 5.5% compounded continuously. How much will…

A: We have to find

Q: f $1000 is invested in an account that earns 6.3% interest compounded continuously,how many whole…

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Q: If $5,000 is invested at 7% annual interest, how long does it take to be worth $6750?

A: Initial amount =P= 5000  Final amount = 6750  So interest =I= 6750-5000= 1750  Interest rate = 7%=…

Q: If you invest $6300 per year in a stock that grows at rate of 9% per year, how much will your stock…

A: We have to find the worth after 13 years.

Q: $14,000 is invested for 25 years, what will be the ending balance if interest is 8% 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: An investment of $2000 grows at a rate of 3% per year, compounded quarterly. How long will it take…

A: topic - compound interest

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

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Q: How long will it take for an amount to double its value if invested at 9.3% simple interest?

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Q: A Math 110 student decides to make quarterly payments of $1,000 into a retirement account paying 2%…

A: Given data : Quaterly payments of $ 1,000 i.e P = $ 1,000 x 4 = $ 4,000 ( yearly) rate of interest =…

Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

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

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Q: An investor currently has P10,000 and plans to invest it an account occurring 2% quarterly. How long…

A: Topic = Algebra

Q: How many months will it take $830 invested at 8.1% to earn $210 interest?

A: Given that:                         Principal amount, P = $830…

Q: Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will…

A: To find the time when the $900 invested at a rate of 6% per year compounded annually will double.

Q: What amount must be invested in order to have P128 376.52 after 8 years if money is worth 6%…

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

Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: A principal of $1500 is invested at 3.75% interest, compounded annually. How many years will it take…

A: Principal Amount = P = 1500 $Interest rate = r = 3.75 %Amount = A = 2000 $We have to calculate the…

Q: Darren accumulated $9,000 in credit card debt. If the interest rate is 4.1% per year and he does not…

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