Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she closed the account, her balance was $2,067. What was the overall percent increase in the account balance from her initial deposit until she closed the account?

Q: Hannah has $33,292 in a savings account with simple interest. If she deposited $28,700 two years…

A: NOTE: Refresh your page if you can't see any equations. . here we have  A=33292 P=28700 t=2 years

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: Amanda invests $5400 in a new savings account which earns 5.8 % annual interest, compounded monthly.…

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Q: John got $5000  from his grandmother to pay her tuition fee.He invested this amount at a 10% rate of…

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Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Clyde inherited his grandparents' estate and th grandmother's parents had created for her whe now…

A: The total worth now A=$34900 Rate of interest r=6.5% Time t=76 years For Quarterly n=4  Let original…

Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: On the day that Tony was born his grandmother invested $500 in a certificate of deposit that pays a…

A: This question is related to compound interest, We will solve it using given information.

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

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Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: We are given with the interest rate and time duration and the initial payment and we have to find…

Q: Arianna invests $5600 in a new savings account which earns 5.9% annual interest, compounded…

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Q: Find the amount a college student owes at the end of 3 years if $6200 is loaned to her at a rate of…

A: Given problem:- Find the amount a college student owes at the end of 3 years if $6200 is loaned to…

Q: Moira borrowed $3,500 from her grandfather to pay for her first year of college.  Four years later,…

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Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…

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Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: To Determine: how much interest will Lupita have earned after 48 month Given:  Lupita deposited…

Q: Christian is saving money and plans on making monthly contributions into an account earning an…

A: Given data is: Future value of amount after n period A=$9000 Interest rate i=5.7% Period n =32…

Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

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Q: takes the loan for a year, what will be his monthly payment to the nearest penny to repay the loan…

A: The datas given in the question are  Principal=$450 Interest rate=9.9 Time period=1 year

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: On Melissa 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If the CD…

A: Given data: Melissa on her 6th birthday gets a P=$6000. The rate of interest she earns r=6%=0.06…

Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Jacqueline loaned $61,000 to a small business at 5.14% compounded monthly for 1 year and 9 months.…

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Q: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: The simple interest on a $710 three-year loan amounted to $276.  What was the annual interest rate…

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Q: Duncan opened a savings account and deposited $200.00 as principal. The account earns 7% interest,…

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Q: Mrs. Stevens bought a Mustang for $ 25,000. If it depreciates at a rate of 15% a year. What is the…

A: Depreciation amount is equal to 15% of 25000.

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

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Q: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…

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Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

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Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

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Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

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Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

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Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

Q: Tessa invests $5600 in a new savings account which earns 3.9 % annual interest, compounded monthly.…

A: Formula to find the value of final amount is A=P1+rnnt where A-Total amount at the end of the time…

Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…

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