Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 15 years?

Q: Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming…

A: It is compound interest problem for calculating time period.

Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

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Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

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Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: Alan deposited $6000 into an account with a 5% annual interest rate, compounded semiannually.…

A: A(t)=P1+rnntP is the deposited amountr is the ratet is the timeA is the amount after time ,t

Q: Lily invested $90,000 in an account paying an interest rate of 4.6% compounded annually. Assuming no…

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Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

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Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: Amelia is going to invest in an account paying an interest rate of 2.3% compounded quarterly. How…

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Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

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Q: Noah invested $8,600 in an account paying an interest rate of 2.4% compounded monthly. Assuming no…

A: Use the directly formula for compound interest.

Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

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Q: find the amount of money you Will have after 20 years if you inrest $ 25,000 at a rate of 12% if…

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Q: Mason is going to invest in an account paying an interest rate of 5.3% compounded quarterly. How…

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Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

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Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: Given data:   The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…

Q: Springfield Florist plans to replace its delivery vehicle in three years. If they set aside $16,000…

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Q: Sophie invested $420 in an account paying an interest rate of 1.6% compounded monthly. Assuming no…

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Q: Jeremiah invested $70,000 in an account paying an interest rate of 6.8% compounded daily. Assuming…

A: A=$99000  P=$ 70000 r=6.8%=0.068 n=365 ( compounded daily)

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

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Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How…

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Q: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…

Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: If you deposit P4000 into an account: paying 6% annual interest compounded quarterly, how much money…

A: Compound interest

Q: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

A: Formula: The compound interest formula is given by, FV=PV1+rnnt Given: FV=$79,200, PV=$47,000, r=4%,…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

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Q: Chase invested $39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming no…

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Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

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Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: Damian invested $880 in an account paying an interest rate of 5.2% compounded annually. Assuming no…

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Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…

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Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

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Q: Riley invested $5,100 in an account paying an interest rate of 7-% compounded quarterly. Ryan…

A: Use the formula A=P1+rnnt. Where P is the principle amount, r is the rate of interest, n is number…

Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: A loan of $47,000 is made at 6.75% interest, compounded annually. After how many years will the…

A: The principal amount of loan is $47000. The rate of interest per year is 6.75%. The amount with…

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…

A: Formula used;-          Amount = Principal(1+rate/100) n(no.of years)

Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…

A: We will use the compound interest formula to find the amount after 17 years