Say you have placed 10,000 pesos in your bank account that pays 4% interest, compounded continuously. How long will it take your money to double? To triple?

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: Kyle investes in an account earning 8% interest compound continuously. How long will it take to…

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Q: Ten thousand dollars is invested at 6.5% interest compounded continuously. When will the investment…

A: Given that, Ten thousand dollars is invested at 6.5% interest compounded continuously. We have a…

Q: Serenity is going to invest $130 and leave it in an account for 19 years. Assuming the interest is…

A: Just use the formula for the compound interest and simplify.

Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

Q: Which is better, an account paying 3.7% Interest compounded continuously or an account paying 3.75%…

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Q: You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have…

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Q: How long will it take money to quadruple if it is invested at 5% compounded weekly? 6.7% compounded…

A: Let P be the principal amount, t be the period and A be amount accumulated after time t.

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

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Q: How long does it take to double a $20,000 investment in value when compounded continuously at 10%…

A: Given :  Investment =$20,000 interest rate =10% Formula for continuously compounding,…

Q: How long does it take for an investment to double in value if it is invested at 16% compounded…

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Q: Taylor invested $11,000 in an account paying an interest rate of 3.5% compounded continuously.…

A: We will find out the required value.

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

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

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Q: Eli invested $9,400 in an account paying an interest rate of 2.3% compounded continuously. Assuming…

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Q: Sung Lee invests $8,000 at age 18. He hopes the investment will be worth $24,000 when he turns 30.…

A: I am going to solve the given problem by using some simple algebra to get the required result of the…

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

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

A: From the given data:

Q: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

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: 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: Gina puts $ 5500 into an account earning 7.75% interest compounded continuously. How long will it…

A: Given problem Given that   Gina puts $ 5500 into an account earning 7.75% interest compounded…

Q: Andrea Davis plans to invest $720 into a money market account. Find the interest rate that is needed…

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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: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: circle the final answer and read the question carefully.

A: Consider the given question,Given, Principle (P) = $17,000Rate of interest (r) = 5.4%Time (t) = 5…

Q: You want to have $300,000 when you retire in 30 years. If you can earn 5% interest compounded…

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Q: Tyra invests $5900 in a new savings account which earns 5.6 % annual interest, compounded…

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Q: You want to have $400,000 when you retire in 25 years. If you can earn 9% interest compounded…

A: Need to find how much money need to deposit into account to reach goal

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: At what rate do you need to invest money into a bank account earning continuously compounded…

A: The formula for continuously compound interest is  f=pert For double money let f=2 and p=1, t=2525

Q: Khloe invested $160 in an account paying an interest rate of 5.7% compounded continuously. Assuming…

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

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Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

Q: Nathan invested $80,000 in an account paying an interest rate of 6% compounded continuously.…

A: The formula for the amount if the interest is compounded continuously is  P = P0ert where Pis the…

Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

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

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

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Q: Dennis deposits $10,000 in a savings account that earns 2.88% annual interest, compounded…

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Q: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A: For the following problem,

Q: You deposit $4000 in an account earning 8% interest compounded continuously. How much will you have…

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Q: Tyler invested $350 in an account paying an interest rate of 4.5% compounded continuously. Assuming…

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

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

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Q: A person places $20,000 in a savings account which pays 3 percent interest per annum, compounded…

A: Compounded continuously means interest compounded infinitely many times in a year.

Q: How long will it take money to triple if it is invested at 6% compounded quarterly? 8.1% compounded…

A: We will find out the required value.

Q: How long does it take an investment to triple at an annual interest rate of 6.45% compounded…

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Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: David invested $220 in an account paying an interest rate of 1.7% compounded continuously. Assuming…

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