Use the formula for continuous compounding to solve:How long, to the nearest tenth of a year, will it take $50,000 to triple in value at 7.5% annual interest compounded continuously?

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given:              $500 for 7 years at 6%

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Explanation: Given that,  P=$1000t=10yearsr=5%=0.05     Formula used: A=Pert

Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

A:

Q: You deposit $6000 in an account earning 5% interest compounded continuously. How much will you have…

A: Continuously compounded interest means that your principal is constantly earning interest and the…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A:

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Find the amount that results from each investment. $600 invested at 5% compounded daily after a…

A:

Q: Use the compound interest formulas to solve:How long, to the nearest tenth of a year, will it take…

A: Given, Final amount A=$8000 Initial Principal balance P=$4000 Interest rate r=5%=0.05 and n=4

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: What rate of interest compounded annually is required to double an investment in 3 years?

A: Consider the principal is "p". Then the amount is given as A=2P. The time is t=3 years. The…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: The principal amount (P)=$7500. Time period(t)=10 years Rate of interest(r)=6.5%=6.5100=0.065

Q: How much would $20,000 amount to a 8% compounded continuously for 10 years? Round to the nearest…

A: Compound interest

Q: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

A: Topic:- algebra

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

Q: At what interest rate will money treble if compounded continuously for 18 years?

A:

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

A:

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

A:

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given that: Principal, P=$400 Rate of interest, r=7% Time, t=5yr.

Q: The doubling time of an investment with continuous compound interest is 12.3 years. If the…

A:

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A:

Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

A:

Q: Use the compound interest formula to determine how long it will take for a sum of money to double if…

A: Formula for compound interest:

Q: The Smiths invest $10,000 in an account that grows to $12,000 in 5 years.  What is the annual…

A: The Smiths invest $10,000 time, t= 5 years Final amount=$12000  P=$10000 Compound interest,…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: Which of the given interest rates and compounding periods would provide the better investment?(a) 5%…

A: r=5%=0.05, n=2 a). By using compound interest formula, we have A=P1+rnn·t=P1+0.0522t=P1.0252t

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

A:

Q: what rate of interest compounded annually is required to double an investment in 3 years?

A:

Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: In how many years will $ 1800 amount to $ 2178 at 10% per annum when compounded annually? ANSWER…

A:

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

A: We have to solve the given problem by using compound interest formula.

Q: What is the rate on an investment that doubles $4104 in 5 years? Assume interest is compounded…

A:

Q: Use the formula for continuous compounding to solve:What interest rate, to the nearest percent, is…

A: A=P ertP is the initial amount or invested amountA is the amount after t years.

Q: Approximately how long will it take for $8000 two double at an annual interest rate of 6.25%…

A:

Q: nearest

A: Please refer to the image below

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: You deposit $6000 in an account earning 7% interest compounded continuously. How much will you have…

A: We have to find the compound intrest for the money deposited in Bank

Q: Find the time it takes for $7,700 to double when invested at an annual interest rate of 18%,…

A: for the continuous compound, the doubling time is given by

Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

A:

Q: A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no…

A: Given problem Given that   A stock broker allocated $100,000 to an account earning 4% per year…

Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

A:

Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

A:

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.