Robert invests $800 in an account at 1.8% interest compounded annually. He will make no deposits or withdrawals on this account for 3 years. Which formula could be used to find the balance, A, in the account after the 3 years? Formula:

Q: Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars at the end, what was…

A: Given problem is :   Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars…

Q: Mike invested $3000 at 12% per annum compounded semi-annually for 8 years. a) How much money does…

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Q: provided if necessary.)   Write the smallest possible whole number answer.

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Q: If a man received P12900 from his 4-year investment, how much was invested at 3% compounded…

A: We know formula for compound interest asA=P1+rnnT

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

A: Compound interest formula is given by A=P1+rnnt Where A- Future value of investment            P-…

Q: P-# 150, 000, r= 490, t= 4, compounded MonthlY.

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Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: You invest £11400 in the bank and the interest rate is 11% per year. How much money do you have in…

A: The principal amount is 11,400. The interest rate is 11% per year and time is 1 year. The interest…

Q: Logan has $80 in a savings account that earns 10% interest per year. The interest is not compounded.…

A: Formula for simple interest i=prt in given question :p=$80r=10%=0.1t=1 year

Q: A principal of $3700 is invested at 5% interest, compounded annually. How many years will it take to…

A: GIVEN: Principal amount = $3700 Interest rate = 5%

Q: Yolanda borrowed $8000 at a rate of 6%, compound quarterly. Assuming she makes no payments, how much…

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Q: Bill baxer has $24000 to invest for a year. He can lend it to his sister who agreed to pay 10%…

A: Solution is given below:

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Nazir saved $900 to buy a plasma TV. He borrowed the rest at an interest rate of 18%/a compounded…

A: Compound interest is a type of interest where the principal amount changes every time when the…

Q: Sam invested $2700 in an account with annually compounded interest. After 7 years, he had $3432 in…

A:

Q: lon Musk decides to invest in a new company. His investment earns 5.2% per year, compounded…

A: Formula for final amount (F) after interest copmpond is F=P1+rnnt hereP= initial principal amountr=…

Q: Darren invests $750 in an account that pays 2.5% simple interest for 40 weeks. How much will his…

A: We can make it easier for you

Q: Ali borrowed $6000 from a lender that charged simple interest at an annual rate of 7%. When Ali paid…

A: Given that, Amount P= 6000 Annual interest Rate,  R= 7% Interes, S.I = 2520 We've to find time n.

Q: You invested $28,000 in two accounts paying 8% and 9% annual interost, respectively. If the total…

A: Let the amount invested at a rate of 8% is x. Since the total amount invested is $28000, so the…

Q: f $6000 is deposited into an account earning simple interest at an annual interest rate of 3% for 5…

A: Given Amount = P = $6000           Time = t = 5 years           rate = r = 3%

Q: An account pays 3.64% interest, compounded bi-weekly. Tyler invests money into this account and…

A: The formula for the compound interest is A=P1+R100t where P represents principal, R represents the…

Q: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

A: Given: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

Q: Teresa received $80 for her birthday. At what interest rate would she have to invest the money to…

A: We know that, for a Simple interest SI= P·R·T100where P = Principal,R = Rate of Interest,T = Time…

Q: Matthew has $71,969 in a savings account that earns 15% annually. The interest is not compounded.…

A:

Q: Martina has $50 in a savings account that earns 5% interest per year. The interest is not…

A: According to question given that Martina savings (p)=$50Rate=5%First converting R percent to a r a…

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

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Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…

A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Q: Invested at 6% interest, ₱10,000 today would be worth approximately ₱20,000.00 in ___ years.

A: Given information Principal P=$10,000 Interest I=$20,000 Interest rate r=6% We have to fin the time.…

Q: An account pays 3.64% interest, compounded bi-weekly. Tyler invests money into this account and…

A:

Q: Morgan is making quarterly contributions of $480 to her savings account which pays interest at the…

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Q: Nicole opened a savings account with $5000 and was paid simple interest at an annual rate of 2%.…

A:

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: A woman invests S4000 in two accounts, one at 6% interest, the other at 9% interest for one year. At…

A: Consider x as the amount invested at rate of 6%. That is 0.06x. Then 4000 – x is the amount invested…

Q: Cathy makes a single deposit into an account earning 2.5% compounded monthly. After five years the…

A: used formula: A=P(1+r/n)nt   where P=initial amount or principal A=final value or final amount…

Q: Mary Lou received $16,000 from her grandparents for her college education 8 years prior to her…

A:

Q: You decide to invest $900 into an account where interest compounds annually. If the interest rate is…

A: At interest rate 5%, Money in the account after 2 years is $992.25.

Q: Hayden Invested $750 for three years at an Interest rate of 0.035. How much Interest did he earn in…

A:

Q: Using the formula: ,  determine how many years, to the nearest hundredth, it will take to double…

A: Formula: A=P1+rnnt where A=The final amount P=Initial principal balance r=interest rate n=number of…

Q: Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years. When…

A: We have, Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9…

Q: Goran borrowed $5000 from a lender that charged simple interest at an annual rate of 9%. When Goran…

A: Solution ) P = $5000,  R = 9% , SI = $2250 formula  Simple interest = ( P × R × T) /100…

Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…

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Q: Today, Sarah bought a condofor $310,000 a) Assumingthat the condo increase years?

A:

Q: Sarah opened a savings account with $800 and was paid simple interest at an annual rate of 7%. When…

A: solution :-

Q: Jaime is making monthly contributions of of $310 to his savings account which pays interest at the…

A: $310 : The value of monthly installment0.079 : Rate of interest till the end of 66 months or start…

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: Greg invests $13,000 in an account that pays 5.5% interest per year, compounded quarterly. How much…

A:

Q: Darien borrows $6580 to help pay for university tuition at an annual interest rate of 7%. He plans…

A: Note: we know the simple interest formula is I = Prt  Here P is the principle amount or initial…

Q: Money is borrowed at 17% simple interest. After one year, $990.99 pays off the loan. How much was…

A: Given Money is borrowed at 17% simple interest. time = 1 year amount pay off after 1 year = $990.99…

Q: Miguel deposits 5380 dollars in an account, and 5 years later the account balance is 11060 dollars.…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do do only one question. If you want more to…

Q: Josh makes a $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years.…

A: Consider the information given in the problem, Here the objective is to find the amount of money…