Suppose that money is deposited daily into a savings account at an annual rate of $900. If the account pays 4% interest compounded continuously, estimate the balance in the account at the end of 4 yeam The approximate balance in the account is S (Round to the nearest dollar as needed.)

Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: If $6000 is invested at 3% compounded continuously, what is the amount after 8 years? The amount…

A: Answer  is   7625

Q: Suppose that a savings account is compounded continuously at a rate of 8% per annum. After three…

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Q: An initial amount of $1800 is invested in an account at an interest rate of 3.5% per year,…

A: The formula for finding the amount with interest after t years, if compounded continuously is given…

Q: If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount…

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Q: If $5000 is invested at 3% compounded continuously, what is the amount after 3 years? The amount…

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Q: Eric wants to buy a bond that will mature to $6000 in nine years.how much should he pay for the bond…

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Q: If $12, 000 is invested at a rate of 3% per year compounded continuously, find value of the…

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Q: At what nominal rate compounded continuously must money be invested to triple in 7 years? ..... A…

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Q: Find the accumulated amount after 3 years if $2500 is invested at 5%/year compounded continuously.…

A: Given that 2500 is invested at 5%/year compounded continuously. To find the accumulated amount after…

Q: If interest is compounded continuously at the rate of 4% per year, approximate the number of years…

A: It is given that interest is compounded continuously at the rate of 4% per year an the initial…

Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

A: If the interest is compounded continuously, then the following formula is used. A=Pert , where, A is…

Q: An initial amount of $1900 is invested in an account at an interest rate of 8% per year, compounded…

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Q: If the present value of $1000 to be received in 5 years is $559.90, what rate of interest,…

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Q: What size deposit must be made into an account earning 4.3% interest, compounded continuously, to be…

A: Formula for compound interest compounded continuously given by as P(t) = P0 ert Where P(t) = amount…

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: How much money will there be in an account at the end of 7 years if $13000 is deposited at a 3.5%…

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Q: Suppose that the annual interest rate on your checking account is 4% compounded continuously. In…

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Q: At what interest rate compounded continuously must money be invested to triple in 5 years? A rate of…

A:

Q: If the present value of $1000 to be received in 5 years is $548.80, what rate of interest,…

A: Given values Present value, P=$1000 time, t=5 years Amount, A=$548.80 For calculating rate of…

Q: Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years if…

A: Given that  Initial amount of investment =$5000 Interest rate = 7% = 7/100 = 0.07 Time (t) = 10…

Q: How long, to the nearest year, will It take an Investment to double if it is continuously compounded…

A: An investment P compounded continuously at a rate of interest of r % per year for t years…

Q: At what interest rate compounded continuously must money be invested to triple in 6 years? A rate…

A: Continuously interest compounded formula is P(t) =Po ert

Q: 4. Mr. Roberts invests $10,000 in an account that pays 3.75% interest compounded continuously.…

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Q: An initial amount of $3700 is invested in an account at an interest rate of 6.5% per year,…

A: Given :Initial Amount = P=$3700Interest rate = 6.5% per year=6.5100=0.065Time = 2years

Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: If money is worth 7% compounded continuously, find the equated time for paying a loan of P 200,050…

A: Given: Rate of interest, r = 7% Loan amount due in 2 years, A1 = P200,050 Loan amount due in 4…

Q: Find the interest earned on $10,000 invested for 5 years at 4% interest compounded as follows.(a)…

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Q: Find the amount that results from the given investment. $10 invested at 9% compounded continuously…

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: If $12, 000 is invested at a rate of 3% per year compounded continuously, find value of the…

A: The formula for continuously compounded interest is, A=Pert where P is the principal amount, r is…

Q: suppose $5,000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: Given,

Q: How much money must be invested now at 10% interest compounded continuously so that $120, 000 will…

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Q: If $20,000 is invested at a rate of 5% per year compounded continuously, find the value of the…

A:

Q: At what interest rate compounded continuously must money be invested to double in 4 years? A rate of…

A: Use formula of compounded continuously

Q: An initial amount of $1800 is invested in an account at an interest rate of 7% per year, compounded…

A:

Q: Find the present value of a $8,000 annual income stream if it is invested immediately as it is…

A: Compound continuously A=Pe^(rt)

Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: An initial amount of $2200 is invested in an account at an interest rate of 5.5% per year,…

A: This question is related to Compound Interest, we will solve it using given information.

Q: What is the value of a $500 investment which earns continuous compound interest of 1% annually for…

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Q: Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously.…

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Q: At what interest rate compounded continuously must money be invested to triple in 4 years? A rate of…

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Q: Suppose that a company needs new equipment, and that the machinery in question costs $100000 and…

A: Given data: The given value of the machinery is M=$100000. The given profit per year is A=$60000.…

Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

A: We have to find how fast balance will grow per year after 4 year

Q: Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with…

A: Given values are - Future value =$8000 N= 2 years  Interest rate (i)=3%=0.03 We need to find the…

Q: Kinsey has invested $28,000 into an account that pays 9% compounded continuously. How long will it…

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Q: Suppose that you invest $8,000 at 8% interest compounded continuously. How much money will be in…

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Q: Samuel is going to invest in an account paying an interest rate of 5% compounded continuously. How…

A: GIVEN: Rate = 5 Time = 9 years

Q: At what interest rate compounded continuously must money be invested to double in 9 years? A rate of…

A:

Ratios

A ratio is a comparison between two numbers of the same kind. It represents how many times one number contains another. It also represents how small or large one number is compared to the other.

Trigonometric Ratios

Trigonometric ratios give values of trigonometric functions. It always deals with triangles that have one angle measuring 90 degrees. These triangles are right-angled. We take the ratio of sides of these triangles.