Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how much will be his money after 3 years? How much interest he earned? If it’s compounded annually, how much will be his money after 5 years? How much interest he earned?

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

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Q: Jackson invested $81,000 in an account paying an interest rate of 6,% compounded monthly. Angel…

A: for both Jackson and Angel , P is $81,000. now Time is 16 years. for Jackson Rate, r is 6.5% which…

Q: has $4,000 in a savings account. The interest rate is 1%, compounded annually. To the nearest cent,…

A: To calculate C.I...

Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 7% interest, compounded semiannually. If…

A: `Given  P=$5000     r=7% = 0.07  compounded semiannually n=2  t=5 years

Q: When Abram was born, his parents put $2,000 into an account that yielded 1.2% interest, compounded…

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Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

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Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: Jeremy invested his savings in a bank at 5.00% compounded monthly. How much money did he invest to…

A: Solve the above question.

Q: Tara invested $8,890 in an account with an interest rate of 7.5% that was compounded quarterly. How…

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

Q: You deposit $5,000 in a savings account that earns 6% simple interest per year. How many years will…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Marcelo invested $66,100 in a mutual fund at 4.2% compounded annually. After 4 years, the interest…

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Q: Andrea invests $400.00 in an account that pays 4% annual interest. How much will there be in the…

A: Given, P=$400.00r=4%=0.04n=4t=5

Q: Lydia invests $1000 in an account that pays 5.25% compounded daily. Gabrielle invests the same…

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Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?

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Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

Q: On Melissa's 6th birthday, she gets a $4000 CD that earns 3% interest, compounded semiannually. If…

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Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: A loan of $23,000 is made at 8% interest, compounded annually. After how many years will the amount…

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: A principal of  $4900  is invested at  4.25%  interest, compounded annually. How much will the…

A: use the formula for compound interest for finding the amount.

Q: Paul has $2,400 in a savings account earning 3.4% simple interest. How much more interest would he…

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Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

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Q: Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. How much is the additional interest…

A: If an amount P is invested for t years at a rat o interest r% and if the number of compounding…

Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

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Q: Abigail invested $77,000 in an account paying an interest rate of 8% compounded annually. Gavin…

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Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

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Q: Morris’s parents would like to retire in 20 years with a total of $400000. How much would they need…

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Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

A: The amount for the compound interest is given by the formula as follows A=P1+rnnt where P is the…

Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

Q: loan of $12,000 is made at 6% interest, compounded annually. After how many years will the amount…

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Q: Rex deposited $1,000 into an account that earns 5% compound interest, compounded annually. How much…

A: Compound interest formula F= P(1+r/100)n Where , F= Future worth C                P= Present worth…

Q: Dylan invested $700 in an account paying an interest rate of 1 % compounded quarterly. Sebastian…

A: Given: Dylan:Invested amount=$700Interest rate=134%Number of conversions=compounded…

Q: ack invested $7,100 in an account paying an interest rate of 3% compounded ontinuously. Henry…

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Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 6% interest, compounded quarterly. If the…

A: The compound interest accrued on a principal amount P, at rate R% after time t years is given as…

Q: Rose invests $ 28,000 at 8 %/a,compounded semi-annually. What is the total amount of the interest…

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Q: Goofus waits until he is 35 years old to start saving.

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Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…

A: Given:  Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily.  To…

Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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Q: You put $4000 in a bank account earning 3% compounded monthly. To the nearest penny, how much is it…

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Q: Tamira invests $5,000 in an account that pays 4% annual interest. How much will there be in the…

A: Given: Principal amountP=$5000, timet=5 years, rate of interest semi-annuallyr=4% We know that if…

Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years